A data point on Tue this week. Mid morning SJC-BUR had 56 pax.

Do not think WN are able to fill the planes at the yields that they are trying to get. A successful ULCC like Ryan Air would never that happen. WN think they are an LCC but really act like a legacy (American?) carrier these days. without a plan to win.

F9 and NK seem to be getting killed by Basic Economy from the big carriers. Watched a late evening F9 SFO-LAS flight board a few weeks ago and looked like a max of 40 people got on it. The lack of frequency and people not understanding what the ancillary revenue rule, that got increasingly greedy, did not help.

My guess as others have pointed out is that Elliot will pump and dump the stock and leave a hugely bigger mess at the company than there is already. They are in an incredibly difficult situation with labor costs and their fleet strategy.

They are still one of my favorite carriers.