Apples to oranges. The game has changed dramatically since then. Fee for Departure contracts where the Legacy takes all the risk are becoming less and less. The Legacys are now forcing the Regionals to take on more risk. They are no longer buying all their fuel and ordering hundreds of RJs. The growth that was experienced allowed ACA's feed to be replaced. That growth has come to a screeching halt, which is exactly why regionals are scrambling to buy each other. The pie is shrinking.