There is a saying about how to become a millioniare in the airline business - Start with 100 million and you'll be left with a million
I agree with Sean about upgrades from L, however when half of Atlanta is a medallion member, I'd have done the same thing as Leo
As long as load factors are high the likes of Leo will be admired and loved, because DL can get away with jerking
pax around. If the economy tanks, business pax
become stingy see how DL scrambles
Back to the question at hand. DL and AF have very different cultures. DL needs AF more because of AF's routes. DL/AF like the rest want AIs unused
routes/slots and mostly India's bi-lateral agreements. Whoever wins, will have a big indegestion.
The Wall St. mentality would dictate that the gummint make concessions w.r.t personnel i.e trimming. AF culture would not like doing that,
BTW: what was the $$$ value put at AI's slots and landing rights ?