The "best and brightest" in the industry told investors at a Merrill Lynch conference that a NEAR TERM turnaround in our industry is not likely. Industry forecasts show very weak demand this fall, hence further capacity cuts at several carriers.

If there is any truth to a "big announcement," my sense is that it probably won't be good news, at least for the NEAR TERM. ALL airlines are going to be affected by the weak revenue environment. Yes, it is true that loads are high, but how are the yields?

Not to worry though...Spirit has a business plan...