This takes a relief off everybody. It's excellent news for Northwest Airlines, employees and the people of Michigan, Minnesota and Tennessee. It's not so good news for United, American and US Airways that when Northwest becomes lean and mean they will be a force to reckon with.
If not controlled, it could mean delays and disgruntled passengers. It's critical that this tension be stopped as quickly as possible.
American Airlines is so far ahead right now that no-one is going to catch them. Southwest had 52 straight quarters of profit. It doesn't mean all airline stocks are bad. Some of these low cost airlines have a bright future.