I saw it this morning ...dated yesterday..very small article...I am still trying to find it, (forgot where it was) but that is exactly what it said....and he was quoted on it. I found something similar..here it is but it is not exactly the article I read earlier...found it on ft.com..financial times.com.

UAL sees scope for airline mergers
By Justin Baer in New York

Published: October 28 2009 02:00 | Last updated: October 28 2009 02:00

A recent spate of capital raisings by US airlines has removed a key obstacle in the industry's pursuit of sweeping consolidation, according to the chief executive of United Airlines.

Glenn Tilton told the Financial Times that consolidation should still play a role in shaping the US aviation industry's future, adding that balance sheets had "probably" improved enough to help finance prospective merger plans. "There is still too much capacity in the US market," he said.


http://www.ft.com/cms/s/0/b1d594e2-c...44feab49a.html