Of the cuts we've seen....almost certainly not in 2011. The only possible exception is if they restart some Milwaukee-Tampa Bay service in winter. But I can't imagine any scenario in the next 8+ months that puts Frontier back into MKE-LAX/SFO/RDU.

If fuel prices continue to drop, what it may do is shield us from some planned cuts for fall. Some fall cuts in the Frontier system are virtually certain because of the quickened pace of E170 removals. But other possible fall cuts are simply based on high oil and demand concerns. Cheaper oil can help that.

Obviously just a day or two of dropping oil prices don't put a new complexion on the world. But every buck that oil goes down saves a bunch of money, and this coming fall/winter may look a lot different if the branded operation is solidly profitable this summer, versus marginally break even this summer, versus swimming in red in this summer.