Believe me, we are NOT begging, pleading, praying for a merger with CAL. We ARE begging, pleading, praying for new management. You guys have been a preferential airline for what, the last eight years out of how many years of existence? Don't beat your chest too hard. Things change real quick in this industry.
I hope you're right. I hope you guys get fantastic new management that turns the company around and decides it want's to remain a stand alone company and prosper. Nothing would make us happier. Honestly, at this point I hope UAL does a 180 and decides CAL is too risky to partner with.
Absent a BK filing, I fail to see why anyone in this industry would want a merger knowing full well they typically end poorly.
As for chest pumping, like I said, having the best of the worst is far from awe inspiring. I have no confidence in CAL mgt, ZERO! I have even less confidence in CAL/UAL merged debt and aircraft/flying overlap. A company with 25B in debt it cannot service isn't my idea of a turnaround plan.