LOL...I may have had too much coffee this morning.

Overall, I was pleased with yesterday's announcement. I find what Republic is doing with Frontier/Midwest fascinating. If Bedford can pull this off, he'll be a true visionary in the airline industry.

There are certainly challenges ahead for Republic but I'm optimistic about the future.

Here's a little food for thought about an opportunity that may present itself in the future. There have been numerous reports over the last week or so that United and U.S. Airways are in merger talks. If it actually comes to the point were these two carriers hook-up, the DOT will require them to divest assets at certain airports (this was a requirement back in 2000 when both carriers announced plans to merge) to level the playing field. United and U.S. Airways have enormous overlap in Washington, D.C. With Dulles serving as a major international hub, focus would probably shift to downsizing DCA. Guess who is the largest slot holder at the airport? It’s Republic, which holds about 150 slots and leases them back to U.S. Airways. They could create a nice little focus city at the airport if everything breaks their way. Imagine what opportunities might also become available if the perimeter restrictions are lifted.