My business flying has been decimated by clients unwillingness to meet in person lately, but I'm continuing to do a lot of leisure travel with my wife. Most of the flights I've been on lately have all been somewhere between 50% to 75% of capacity at best. Admirals Club visits have been to nearly empty clubs - the last time I was in DCA ,they didn't even bother with the new rule regarding escort to a seating area since my wife and I were the only customers. Of course this is not a sustainable level of business, and definitely represents an existential threat to all carriers including AA. The response by most carriers has been to absolutely retreat in size operating under the thesis that Scott Kirby of UAL described as "You can't be too small". I like the fact that Doug Parker is throwing a "Hail Mary" and flying more flights than the competition since making lease payments on parked planes is also unsustainable. I think the thesis is that "getting as many planes as practical in the air" will result in a stronger carrier after passengers return in volume. This means flying a lot of low utilization flights, and may result in the cash running out earlier for AA than for other carriers, but if the other carriers retrench enough, AA may have reasonable utilization in the fall. Unfortunately, my "gut reaction" is that the cash will run out before the passenger loads pick up. I've always been against government cash injections into business, but I think loosing our major carriers through no fault of their own would have massive ramifications to everything else in our economy.