Originally Posted by Ben Lipsey

Our assumption is we will continue to grow and fill the added capacity

If you look at the Investors Day presentation, you will see our forecasted fleet until 2018. While we didn't publish specific forecasted capacity numbers, analysts make their forecasts and assumptions based on hard stats such as this fleet, our aircraft utilisation, etc. In addition to the 'hard factors,' the goal of Investors Day was to hopefully sell them on our business plan and our vision.

Also this is where the concept of swing capacity comes into play. When the next cyclic downturn inevitably hits, we have a fleet of paid off and/or cheap aircraft we can park to reduce capacity (e.g. 767s), without having to park our most expensive assets (e.g. 777s). We've never been in such a position before, and we believe this is a major benefit.