Not to be a smart-a#@##, but two years in this industry is like an eternity! I think the move to reach pre-Sept capacity, however is to flush out the weaker carriers, i.e. bleed them out of cash. AMR just raised a ton of money and they know that other carriers such as CAL and U can't expand, much less gain access to cash (they are already so highly leveraged). I am at one of the weaker carriers (on furlough) and I think there will be some major consolidation in the future. Just my two cents, and I hope things get better before they get worse. I agree with the opinion that things may get back to normal (whatever that is) by this time next year (barring another terrorist act) and keep hearing that NWA may be recalling this summer. I have several buddies on furlough over there and they keep me posted, probably with the same rumors we have heard, but hey, at least they aren't rumors of more furloughs! All the best
-P Springs
p.s. like the woman in Jaws who said, "24 hours is like three weeks" so goes 2 years in the airlines is like 20 years in the real world!