APA was able to achieve in a few weeks with U management what they couldn't achieve in half a decade with AMR. At this point, I see an amazing amount of optimism brewing. Regardless of what Horton & Co. say now, I think the game is over.
Imagine a competitor coming in and winning over your employees in weeks. Still a long way to go, but I can't recall such an easy outside corporate coup in any industry like this.
That says a lot about how completely out of touch management has been with their core asset for so many years. What a colossal blunder. The only way Horton can keep AA is to force it and that will alienate the employees to such a degree, I think no one will back them at that point. It would be the first "hostile takeover" of a company by it's OWN management.
IMO, Horton had it all before him on 11/29, but blew it.