I think this arbitration will go down in history as yet another mile marker on the road to ending deregulation. It's safe to say that DOH is effectively dead and it's death will help facilitate the movement towards consolidation. The thirty some odd year experiment called deregulation did nothing to help revenues and everything to destabilize an industry which was functioning just fine on its own. I doubt our current population of business travelers were around in the day where flights flew on time, seats and aircraft were clean, and they weren't fighting with the Disneyland crowd for an aisle seat or overhead bin space. The race to the bottom was only possible by mortgaging fiscally sound airlines and when that cash ran out, then by shaking down the employees. Deregulation also spawned this bizarre notion that yield sat second chair to market share and that anything which increased market share was worth it. Hence, the RJs, with costs twice that of a mainliner. But it just wasn't working and by the end of the 90s, every carrier was suffering from plummeting fares and overcapacity. Crazy but catchy ideas came from the crystal palaces such as United Shuttle, Metrojet, and perhaps the king of all crazy ideas - Jim Goodwin's executive jet/UAL merger. But nothing was working and the gig was under great stress. The wizards behind the curtain were wondering what the world to do about it until the mother of all geopolitical crisis provided everything they needed for yet more shakedowns and outsourcing of mainline jobs. Did it ultimately save money? No, but with a national pilots union asleep at the helm, airline executives had a blank check to squeeze and squeeze pilots. Well, here we are nearly six years after 9/11 and...it's still not working. Doug and Glenn see it for what it is - that the grand experiment is a failure and are at least honest about the remedy. Consolidation is the only way out of this mess. Pilots have an opportunity, one chance only, to get this right as the consolidation takes place. Once complete, the collective strength of the three or four pilot groups will be a force and a strength not seen in any labor market for decades. We can't lose sight on what lies ahead.