Red, when I started here, we had more debt, much less cash, and were paying 11-13% interest. We almost tripled in size since then, and now have (as a percentage) less debt, more cash and the debt we do have is at closer to 5% interest. The pendulum was swinging with us, not against us. That's why SWA stepped up, otherwise they would have sat back and waited.
And you are right TY. From a business stand point, it would not make any sense to bleed out our cash to kill AT, nor would it make sense for AT to continue to run head to head with SWA. so SWA got AT at a smoking deal. Thats why your CEO said live on our SWA TV that it was a good deal for the employees of AT for the long run. What us pilots are forgetting about is the share holders want to make money. Both sides see the grand opportunity this brings to the big picture. I heard overnight additional 35 net airplanes will be needed after the Acquisition, and this is due to what our route structure brings to ATL. And not forget what ATL brings back into the system. The good news GK has stated that we have 19.9% market share and will have 49+% in the next 5-10 years. GK did say TY WEBB will have to be a FO for a year, then back to capt. Just kidding! lol