Why would DL and CO merge? There are some serious negatives to the DL/CO rumor.
1. Both airlines have large NYC hubs. Besides the obvious of having two hubs so close together, I bet anti-trust issues would not pass muster.
2. CVG/CLE- redundant to an unusual degree.
3. IAH and ATL are also very close to serving the same areas and still does not give the companies a west coast presence.
4. While Air Mic has Guam it still does not have the route authority to serve nonstop US to China, NRT hub and some other huge benefits that both NWA and UAL offer.
Finally why is it that you think Tilton is bad guy, yet Anderson is soiling himself trying to merge. Also, do you really think that Tilton might have only learned of a "rumor" of DAL and CAL from the newspaper? Also, why no theories of NWA being broken up? Hasn't Steenland already admitted he was interested in merging also? While I am not huge fan of Tilton's I do think he is a shrewd business man when it comes to getting the dollar for his deal. And that is exactly what a merger would be for him, a big pay day.
If you want to spin these facts go ahead. It is very easy to do and ALL of us are on the outside looking in. However, it appears DAL is getting desperate as NO ONE wants to marry them. Maybe they can rekindle their love with a Doug Parker combo?