While it makes tremendous sense for airlines to cut back their operations significantly in the face of reduced demand, if there was one airline that didn’t do this to nearly the same extent they could benefit in an outsized manner as travel began to return.
Since they’re still paying employees anyway, still making lease payments on planes (or own them), and fuel is cheap the variable costs of flights are fairly low. If one carrier could aggregate the bulk of demand it could be a better financial strategy than shrinking.