the current state of affairs in the industry suggests that CO's business model does not portend long term success.

Passengers pay more to fly SQ everyday. There certainly is a group willing to pay a premium to fly a quality airline. Lets not forget paid BF fares at attractive prices are frequently available. Lower FC fares (w/ restrictions) have been introduced. CO will have continued success its UA and US that better wake up if its not too late. I've flown UA, AA, US, DL, NW and HP, CO is simply the best for domestic service. CO will make suttle changes for the good. Best principal in business is to be your best...if you continue to follow the competitions every move you'll NEVER pass them.