Dave Davis: Our peak utilization numbers are going to be €“ the nature of the business is a very peaky business. Our peak utilization numbers will be 12, 13 hours a day. Our trough utilization numbers will be mid to high-single digits.
Jude Bricker: We do see it coming down a little bit in the summer as we take advantage of the growth opportunities that we talked about, our new markets out of Minneapolis, which I would say are all bookings expectations, feel good about those. So, there will be a little bit of seasonality in terms of the stage length where we do longer in the first quarter and then we shorten it up a little bit in the summer, but it all corresponds with what Dave was saying.
Operator: And for our next question, we have a follow-up from Duane Pfennigwerth of Evercore.
Duane Pfennigwerth: Maybe a small percentage of your business, but for large tour operators, Apple Leisure as an example, can you talk about, in this backdrop, how willing you are to sell blocks of inventory to an Apple Leisure and how that may be compares to the past and how you think about that business when the fare environment and the demand environment are so strong?
Jude Bricker: Keep in mind that we kind of do network strategies that are fairly different. We have Minneapolis origination, and that’s been expanding into the upper Midwest. In those markets, in Minneapolis, in particular, we’re creating a really strong brand, we’re investing in the brand through marketing, we intend to originate the maximum amount of that capacity as possible through direct distribution. And we’re not having any issue with that. And so, that’s a strategy. And partnering with an Apple or any kind of tour operator in those markets isn’t that exciting to us. In contrast, though, we’re also augmenting our winter peak with summer opportunities, most notably out of Dallas, but also Houston and Central Texas and South Texas and many other markets in the future.
Because summer is such a strong peak for most markets, with what we would say is a price driven consumer where we’re going to be competitive during peak periods, still generating an average fare that’s higher than the incumbents because we’re only capitalizing on those very picky opportunities. In those markets, we are very open to block sales of our capacity with tour operators, OTAs, other distribution partners. And in my initial comments, I specifically called out contracted flying. That’s kind of what I’m talking about. And we’re negotiating those rates now or recently, and we’re seeing a lot of demand from them. And we’re more than happy to offload some of our capacity into those markets through those partners’ channels.
Operator: Thank you. As I’m seeing no further questions in the queue, I would now like to turn the conference back to Jude Bricker for closing remarks.
Jude Bricker: Thanks for your time, everybody. We’re really excited about where we’re headed. It’s good to kind of get some of the challenges of last year behind us and focus on growth and execution. Thanks for joining us on the call. We’ll talk to you in about 90 days. Thanks, everybody.
Operator: This concludes today’s conference call. Thank you all for participating. You may now disconnect. Have a good day and enjoy your weekend.
