Unfortunately, I agree with this...the BODs at AA/US, UA/CAL or DL will have no problem figuring out a way to absorb AK IF the numbers work. It is all about the numbers...
+1
I don't think Delta or AA will be the first mover...I'm betting UAL/CAL... DL and AA would be paying a bunch of money for something they already have...DL/AS might be like NWA/CAL.