In another related thread, I brought up the fact that since airlines are a very capital intensive industry (an A-320 costs more than $1.95) they tend to carry a large debt load. Most economists know that when, and hopefully it will be soon, the economy starts improving, all the stimulus spending is going to cause bad inflationary pressure, so the BoC will hammer up interest rates. Thus, any forward thinking executive is going to be doing everything in their power to lower debt loads.