Unfortunately, WN's problems have spilled into 2014. Frankly, I'm not sure their problems are as much about the merger as they are about having deviated from the things that helped them look good in the past (I use the term "look good" because I'm not convinced that they were better because they were better or because they ran a network that had fewer risks of problems) - flying in good weather states, emphasis on point-to-point, more limited exposure to "problem" airports, single aircraft type, etc. As they discovered, however, there was probably a limit to how far they could expand their previous model, which is why they changed, and I'm not sure that WN has figured out how to run this different model. The worst case scenario would be that they never do figure it out.

Fair enough. For some reason, I tended to recall your statements not necessarily including WN in the comparator group.