Bob Crandall’s suggestion to change bankruptcy and labor laws should result in less destructive fare competition. However, mergers still work best for the network airlines because profitability will still be inadequate even if the laws are changed. Mergers allow the network airlines to divert from a slow liquidation flight path that ultimately end in failure and it allows the scale and scope economies required to compete globally. This perspective on airline mergers, 'The best solution for network airlines: Excess capacity and the need to satisfy consumers and Wall Street' is from Vaughn Cordle, CFA / Managing Partner, AirlineForecasts, LLC