No one can tell this story better than us at XJT, and the bottom line is that we went from 274 jets in service with CAL to the current 204 due to reductions based on the "bean counters" idea of cost savings. Well, we've all seen how well that went with the other partners, yet that became the trend.

If AA shifts flying, there will still be markets better served by the 40-70 jets and props at Eagle, as opposed to the 190's and 320's. Like us, I think an IPO and later (3-4 years) a reduction in block hours and equipment in around the corner, depending on how the "code shares" work out.