I did not say No leisure premium. I stated: "and very wealthy people. Those who flew F before the boom in Premium Leisure"

I surmise that the recent boom is mostly new money spending above their means and flying PY and J when they used to fly Y. It will revert to normal in the next few quarters given the current economic outlook.

To me 'real' F is still a thing of old money, wealthy excutives and a few plane geeks working the system using points..and thus not part of the recent trend.