So how do you reconcile Smizek's comments that seem to put PE further out of reach? I agree that PE may be the future, but CO has shown no indication that they want to compete in this space. It seems silly and shortsighted, but CO has had opportunities to offer PE and hasn't done so, so I will assume that they won't be leading the charge.

If I were a traveler likely to switch to PE, I would just switch now to BA or VS. CO offers nothing of value to the PE+ traveler that I can discern.