tom: helane becker joins us now. a three hour conversation on air travel as we come out of the pandemic. let me get out of the way. spirit, frontier, and jetblue. to borrow a phrase from cfa level four, is this dinosaurs mating? is this much ado about next to nothing? helane: well, we will see what happens. it is certainly not a done deal in any case because they need regulatory approval and the regulatory hurdles in the current administration are pretty high, so there is no guarantee either deal gets done. obviously spirit thinks they have a better proposal and really are taking to task the spirit airlines board of directors and management team. tom: just to get this out of the way because lisa has 47 other questions that really matter, how does spirit, frontier, jetblue spirit, whatever the name is going to be, how do they compete with the juggernauts like united, delta, and american air? helane: it is a good question, and i think that is why they need to merge. i think any airline currently not named american, del