Originally Posted by Sink r8

I get your point, but maybe you're not seeing mine. There is nothing in this Bloomberg article that tells us which way this will conclude, or even that we have lost this "tat". That wasn't my argument. The only value of the article is that it shows alternative outcomes. The point the article doesn't make, because it can't report the unknown, is what other events could occur. For example, could ANA offer a merger with STAR money?

For now, we seem to be looking at a series of difficult moves for AMR. I agree with you: they might have to make a difficult choice between sacrificing two valuable pieces. But you and I don't even see the entire chessboard, and we defintiely don't see the future. Therefore, it's pretty difficult for either one of us to call the result of this particular exchange, and it's definitely premature to call check mate.

And we should not presume they're not also playing for keeps.