Rumor, rumor, and more rumor.
This is all speculation. Some think consolidation is inevitable. That's up for debate. There may even be casual discussions going on behind the scenes, but nothing is by any means "in the works."
I do know that UA is back on it's feet and beating expectations and forcasts every day. A merger in UA's future would be purely a strategic move, not one of survival. Could be pre-emptive or as a response to other airline's getting together.
But as it stands, UA doesn't need a merger. As for CO, I can't say definitively. Don't know enough about their current situation. I have heard that AA and CO will "need to do something in the future" in order to survive. Don't know what that means exactly, but I assume it refers to the fact that perhaps those airlines who have restructured now are at an advantage going forward.
But this is all just purely opinion.
Personally, I think a merger of UA and CO could be a powerhouse combination if labor issues are handled well. (That's always the kicker, isn't it?) It would be more of a merger of equals than the previous UA/US combo. But someone always loses out, and that would depend on who is in the driver's seat at the time.
Of course Bulscu will come here shortly with cryptic posts implying CO's dominance over UA. He/she loves to pretend that this is a done deal and CO is in a postion to be UA's savior. But chalk that up to the rumor mill and be sure to consider the source.
767jetz