If this AA/USAir merger ends up dead, AA has to survive and they will make a play for a smaller yet profitable airline. I think ALK would be first and JB second..
Needless to say DAL will not sit by quietly......
That has me worried, ALK has a very dangerous lack of scope and DAL/ALK will of course tell ALPA that existing contracts for airlines such as SKYW will have to be honored (think lack of scope at ALK and the immediate future with 100 seat deliveries) in a merger.....
Not a settling future IMHO