Jet Blue is probably a "target" but not for us. Someone over there deserves credit for making that outfit even survive, much less thrive. Who would have thought a low cost carrier could make it at high cost JFK with all the issues that facility has? Current market valuations of the legacy carriers make it "expensive" to go shopping right now. With the bufoonery in Washington and Lufthansia's not so good scope, it would not surprise me a lot to see Jet Blue gobbled up by a European carrier. With the onslaught coming to Europe from the Middle Eastern carriers and the relative health of the US domestic market, it would probably make sense for European carriers to try to lock in a feed and revenue stream.

I wonder if Delta could have saved a couple of billion building a new terminal if they had waited to make a hostile offer for American's terminal in bankruptcy. It would be just our luck to see that property on the Court House steps in May 2013.