This week we discuss SAS, which finally filed for US Chapter 11 as AFJ first indicated on 8 June. We look at what increased financing costs mean for the lessors based on data from our newly launched data product, The Lessor Analyst. We mull over the first ABS print this year and what its 6.558% coupon means for future issuers. Finally, we question the sustainability of travel demand after the summer season. Where does the industry go from here?