A few prognosticators, including a hedge fund manager, are predicting doom and gloom coming in Delta's March 22 Raymond James presentation. Significance is seen in the timing of the presentation prior to the opening of the market.

I've been increasingly aware of a call for management to "do something" to stop the erosion of Delta's share price which has been declining even with fuel prices adjusting down. Economists are saying fuel, if not for Japan, would be about $130Bbl on the coasts. Maybe that is what the market sees, or perhaps they are just concerned about an overall slow down in economic activity, which tends to have a larger effect on the airlines than other entities.

Given that United/CAL, US Air and American have all pulled some capacity (leaving room for the LCC to grow btw) my guess is that we'll hear an announcement of reduced capacity as our mainline jets are retired in favor of outsourced flying in smaller capacities. The mega big bid which was going to allegedly happen about now will likely hold us about status quo. It would not surprise me to see CVG close, but I am not expecting it.

Anyone else got a guess?