I think it's their attempt to stay out of Chapter 11.
I don't think these changes will alter the ultimate outcome, which is a Chapter 11 filing,
I think United cut as much as they can after three years in Chapter 11. There's not a lot more they can do at this juncture. In our view they're probably positioned as well as they can be at this time.
It's about time they got aggressive. Had they done this last year, or 18 months ago even, they wouldn't be in Chapter 11.