I think the Q4 loss was the last nail in the coffin of a long line of transgressions against "stakeholders."

Performance penalties, bad investments, accidents, and being a villain in the 'Frontline' expose were all contributory.

I think they took a gamble last summer by not firing up the hiring machine. Performance has been awful since. The house collected this month.

If you're looking for more proof, it's simple. Phil Trenary resigns. Less than a week later, Flight Ops announces hiring plans of 250+... nearly 3x the original 2011 plans.

Running lean just doesn't run anymore. Via con dios, PT.