Not at all - infact i suspect that swissair will, and possibly Sabena, join oneworld. Swissair joined up the Qantas frequent flyer program at the start of the year - and i have suspections since then. I don't know how interested oneworld is in Sabena, but, it would mean still a bigger network and they are not really at threat to any exisiting oneworld carrier. To my knowelge, correct me on this one if im wrong, swissair is also a member of the Cathay and British Airways programs too - so it seems like the next logical step. It would seem that qualifier is dead. Singapore Airlines abandoned the group, and has signed up with almost all of the Star alliance frequent flyer programs, and now with Delta gone, well, really, if they don't move towards someone they are going to be left on their own. As far as swissair is concerned, although i would like to see swissair in star for my own personal benifit, the competition with Lufthansa is far more serious than swissair is with British Airways. And given that oneworld does not have a carrier located centrally in europe, it would be a logical development in the oneworld network. Sabena, which I am sure swissair would lobby hard for to be included(can i bring my little brother along) would be just an added bonus. Swissairs premium image too is also a big plus. After all, price a swissair flight to europe from the USA in low season to a destination other than switzerland, so you are competing with mainstream europian traffic, and see just how much more expensive swissair can be. Certainly, they would consider themselves the elite.
What does this mean for Star. Well, i think they should seriously have a talk with Virgin. Virgin seems to be the airline that does things differently, and its character doesn't seem like one who is enthusiatic about frequent flier programs with other big major airlines - however, its north atlantic network would nicely complete the picture. I don't know how fussed UAL would be over this, undoubtably they would argue that they also fly major routes to the UK, however, i think Virgins customer is a different customer to that of UAL, and, if it ment losing frequent flyer points, is more likely to chose British Airways and thus oneworld. So really, it would be almost like a counter move - Swissair gives oneworld the centre of europe, and Virgin could give star some more presence in the British market, which would also likely boost Lufthansa europian traffic. It should be pointed out, that London is the biggest city in Europe.