I think you are WAY WAY off here. The one hurting is AA, and there is no doubt about that. You need to take a look at AA's plan going forward "the cornerstone plan" (which is a joke by the way). AA says they will focus on JFK(NY market), ORD, LAX , DFW, and MIA, lets take a look at that. JFK (NY market) - You have DAL at JFK and UA at EWR, AA plays second fiddle to both, so I would say AA is fighting a MAJOR uphill battle in NY, and they will lose. ORD - AA is playing second fiddle to UA, and now with the merger, IMO, will have much more corporate accounts etc taken from them and handed to UA, and they will become weaker at ORD i.e.(FRA) being the first slaughter. LAX - not much to say except they play no. 3 again to UA and DAL, fighting a major uphill battle that they cant defend. DFW and MIA are the two fortress hubs that they will have to defend dearly, and I am not so sure that UA or DAL wont try and make a move on MIA.
Labor, aging fleet, and lack of market share (especially now with SWA taking a huge swipe at the domestic market) is withering AA away slowly. Labor will want their recovery (as well they should), and it will drive a bigger wedge in AA. Many Corporate accounts will leave and go to UA and DAL, AA will not be able to defend all of its "hubs" and IMO, will pull down LAX ORD and JFK, and could very soon turn into a US situation with fortress at DFW and MIA, with much smaller hubs or focus cities at LAX and JFK and ORD, and this is a best case scenario IMO.. US is in a MUCH better position b/c it is right sized already and is not playing catch up to 2 fierce competitors in 3 of their 5 backyards. Like it or not, it doesnt look good for AA, they are in a fight for their life thats for sure. They should have filed BK a long time ago to make the playing field level. Now they have higher costs and a much less desirable route network and alliance (including the BA ATI) it is still far inferior to STAR and SkyTeam.
To sum it up JBLU and US are in FAR FAR better positions than that of AA, so the one to lose the arrogance should be AA and the only one withering on the vine is AA. AA mgmt is a slow moving turtle and is getting slammed from all corners, whether they want to admit it or not. P.S. If AA enters BK, you can guarantee DP will jump like wolverine, and IMO AA will have no chance but to be acquired. A far cry from what the AA posters have predicted in the past of UA and US.