ACE's break-even load factor, (including interest expense) will be around 80% in the 4th quarter. WJA's will be about 69%.

October and November shows ACE consolidated at 76.7%, WJA at 72.7%.

I'd imagine ACE consolidated will do about 78.5% in Dec, WJA about 73.5%, meaning ACE's consolidated 4Q l/f will be around 77.4%, and WJA's around 73.2%.

At an 80% breakeven, ACE is on track to lose about $78m including interest expense in the quarter, WJA will make around $20m.

ACE is operating barely 80% of their summer ASM's capacity so far this quarter. WJ is operating about 94% of their summer capacity.

So for those of you keeping score, at current costs and yields, ACE will need to have a load factor of about 86% in December to break-even on an operating basis in this quarter, using the same methodology as WJ, (ie including interest expense as an operating cost).