I think the merger/acquisition goal is Hawaiian. The basis for my opinion is a conversation that I had with one of our NC at a roadshow. I won't go into the details of my conversation. The conversation didn't involve mergers. I went home and put a couple of ACL's connecting the dots together and I ended up at Hawaiian. It fits too nicely.
If they wanted Alaska, the Company would have protected the Q400X. They didn't. Alaska is too big from an anti-trust position.
They want Hawaiian. Haneda, AC types, anchors far east operation. It's too small to cause anti-trust concerns.
They also want the AMR assets that the PBGC has placed a lien upon.
They will just let Alaska fester for a little while longer.
I think they want us locked up in order to go for Hawaiian.