Ask your management if its true. If its not they will openly deny it. Anything else I'd be highly skeptical.

Also here is a quote from Tim Dunn, an airline analyst.

"Let’s be clear that this “study” is nothing more than B6 hoping to find a merger partner now to avoid a trip through chapter 11 which would wipe out what little equity is left in the company.

B6 has over $7 billion in net debt; there isn’t a single airline that is willing to take on that debt to gain annual revenues that are that much higher.

As much as some want to believe otherwise, there is very little appetite and a lot of opposition to further consolidation in the US airline industry and there is certain to be all kinds of legal and regulatory machinations for any proposal involving B6.

The most likely outcome is that B6 ends up in chapter 11 and then, maybe, someone could take an even smaller B6 than today whole – but the industry will have had several years to better compete in B6 markets."