Don't think it won't happen. Over here at U they are beating down the employee groups. They are cutting employees down to the minimum everywhere. UAL will soon endure the same. Under CH11, the judge and whomever is providing the D.I.P. financing calls ALL of the shots. Management loses control (whomever is providing the financing is able to go to the judge and demand concessions) and the employees are just along for the ride. In this scenario a merger could certainly happen. Either financing from some outsider or just a newly issued stock swap (remember all of that old UAL stock becomes worthless). I think that a U/UAL merger is more likly today than ever before. Under CH11 there can be no labor oppostition...the judge will say, "OK" from on high. If labor squaks, the judge can order them in contempt. You at UAL are about to enter a strange new and awful world. Get ready. Save every penny. The doodoo is about to hit the fan. I hope I am wrong.