Bar;
Correct.
Nu,
Correct.
I think that flying at the bottom of the list is very important for many reasons. For those that are only self serving, it keeps you that much farther away from the street or aghast, an right seat job!
Will we fight for recapture in 2012? I do not know, but my guess is things like pay will come way before recapturing 120 jets of our flying.
We better not cave on 100 (76+ seat) flying, but the ugly reality is where the economic are at that time.
Bar;
A you point out a huge thing. Capital commitments. Yep, we are going to need new 767's, etc. Those airlines mentioned will be flush with our cash and eager to buy new jets to fly for us. The economics are ugly.
Can we use Overton's Window with this issue? Yep!