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-----------------This is the UTC he predicted 10+ years ago.
Kirby missed his return flight to PHX today.
here is an article citing not only the stock upgrade but also quotes about the merger.
http://www.thestreet...oo&cm_ven=YAHOO
Why 50-50? Because while nearly every single person in the airline industry believes a merger is likely, "when it comes to antitrust experts, we have yet to find any that believe the airlines face anything but a steep, uphill battle, with most citing probabilities below 40%," Baker said. "We agree with the former, but we simply cannot ignore the latter, so let's call it 50-50."
Baker and Streeter also propose an option if the airlines lose the case:
LCC begins the process of extracting itself from the Star Alliance in favor of OneWorld. Senior management changes occur at stand-alone AMR, satisfying labor’s desire for executive changes and assuaging investor concerns over excessive growth. AMR and LCC then pursue a high degree of domestic codesharing, with [Alaska Air (ALK)] potentially dropped as an AMR partner over time. Zero cost synergies, though LCC pilots don’t get marked to market so costs remain intact. And oh, DOJ doesn’t have jurisdiction. Call it a near-beer, synthetic merger scenario. It’s not great – not by a long shot – but it beats the two airlines sulking and retreating into separate corners, in our view.
US Stock up over $2 in less than a week, somebody knows something??????