I'm just wondering where or even if the DOJ puts a stop to the M&A action?

My bet, 3.5 legacy carriers (LCC=.5) is okay with them as long as there is 3.5 low-cost carriers or equally priced carriers as well. I don't think they're going to be very inviting to future low cost carriers and of course who is going to loan them the money anyways?

I think despite populist talk, this DOJ et. al. does not have a problem with less competition as things get out of hand and out of their control. Its easy to call 3 CEOs and demand something, and get it, then it is to call 8 CEOs.