I agree, that would shake things up. I have no concrete numbers just educated guesses on them so bear(sp?) with me.
Let's use MSP, since I worked there for a couple years. Let's say MSP, where NWA (now DL) rules the land, has a total of 500 departures a day. Of those, lets say 400 are NWA and their partners. So if they lost 300 flights, do you believe that AA or UA would pick up the slack when they get booted out of ORD and NWA pick up their slack in ORD? I don't. I only believe that MSP would now be out 300 flights a day.
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