If you're flying a propeller when the other guys have regional jets, you will lose market share, especially in a weaker economy.

When BA starts growing aggressively again, then [the U.K. government] will be more willing to open up Heathrow. Why flood the market with supply now?

The airlines are not flying as much, so they're not burning as much fuel, and the bankrupt airlines have chosen not to pay their bills, which they are legally allowed to do. So the fund is going to be down about $4.8 million on a $20 million budget.

They did the whole Derrick Thomas tribute and had the airplanes flying over the stadium,

We estimate that after losing $4 billion pretax in 2005 and $28 billion over the past five years, the U.S. passenger airlines could approach break-even in 2006.

UAL shares are trading at post 9/11 lows despite boosting liquidity 9$3 billion in cash, $4 billion unencumbered planes as of 3/020, achieving labor peace and improving service. We cannot imagine an industry recovery that leaves out United, which has the industry's most attractive network.