Originally Posted by
The Situation
The price paid for HA was already questionably steep and would not have factored in the types of concessions that are being negotiated. They would have assumed that they would have had to keep some routes and frequencies for a period of time - they would not have factored in divesting space at SEA as others have speculated and that significantly reduces the value of the merger.
Really? You don't think it occurred to AS management that they'd have some required divestitures as part of the merger? I highly, highly doubt that they didn't factor in some divestures to their risk analysis in making the merger agreement. Of course it would have been a guess, but presumably a much better guess than any online speculation even now.
Originally Posted by
eponymous_coward
WN's presence in SEA (and AA's) has gone down significantly because of DL's expansion in SEA. There are some days where WN is flying 2x SEA-LAS. AA is regularly running RJs on SEA-PHX/LAX.
Yeah: in other words, DL's expansion at SEA came largely at the expense of AA and WN, not AS, along with new growth in SEA capacity.