National Airlines, to my knowledge, is a privately held corporation. The stock is held mostly by Harrah's (or is it Rio's?) and Wexford Management, parent of Chataqua Airlines. What are the odds that, within 5 years, the gambling contingency will sell its shares of National. Right now, from an economic perspective, the airline is a commodity designed to transport tourists to/from LAS, which has limited expansive potential. Its ability to expand right now may be significant, but it can only expand so much in the LAS market.
What are your thoughts on National's economic success and its future?