Kellner's response was prudent for any CEO to say. If there are mergers in the industry, we will respond as necessary to protect our interests. Nothing newsworthy about that! It's like saying, If somebody throws a rock at me I will duck as necessary. Doesn't mean a rock is on the way.

My prediction: No Delta USAir merger. Alot of talk and feather fluffing but no merger. No big upcoming mergers as management teams will be wanting to get in on the upward industry trend without losing millions, perhaps billions with labor wars. Southwest will begin paying more for fuel which will force them to adjust their pricing upward, allowing legacies to do the same. Markets will become more healthy and will allow the big guys to go after the small fish and market share. I sincerely believe that Jet Blue, Frontier, Air Tran and other smaller carriers will be pushed to the limits and be bullied hard for market share. As the legacies get more $$ in their war chest, they will come out fighting hard. No disrespect toward anyone here, just my opinion.