How about this scenario instead? Fort Worth becomes home to the world's biggest airline once more, and for the first time in a decade, American and its unions strike a deal.
Does that sound like a hostile notion?
This alternative vision gained traction Friday after American's union leaders said they support a merger with US Airways and agreed to a framework for a future contract.
Stop the presses: American's unions signed term sheets for the first time in nearly a decade, and they're saying great things about management -- just not American's management.
Turns out that they have more faith in US Airways, led by CEO Doug Parker. The company simply made a better offer, with fewer job cuts and higher pay, then sold the prospect of a much stronger airline network.
US Airways reportedly told creditors that a combination with American would generate an extra $1.5 billion in annual synergies, an estimate that analysts projected last year. Parker's plan would share some of that gain with employees and lock up union support at a crucial time -- while American is in bankruptcy and effectively in play.
The unions control three of nine votes on the unsecured-creditors committee. Add the greater cash flow of a merged company, which could mean better returns, and US Airways may be able to sway the others, too.
To read the full column that appeared in Sunday's Star-Telegram, click here.