Last Updated Mar 19, 2008 6:46 PM EDT
So, is it dead?
I'd say that it is . . . for now. In a way, it's probably a convenient excuse for the two airlines to walk away. If oil continues to hover near $110 (and it's not expected to go much lower anytime soon), there are more urgent problems to address. Almost no airline can make money at these prices, so there are going to need to be some big operational changes soon to try to stem the losses. Delta's CEO has even said that there will changes to the business plan announced this week.
Could we see some aircraft parked? Yep. And to be honest, we probably should. The last thing an airline needs right now is a merger to get in the way of actually running an airline.