Analysts agree that the proposed merger between Delta Air Lines and Northwest Airlines could lead to a consolidation of hubs and elimination of overlapping routes, but it is uncertain how this would affect regional airline partners that operate under contract with the carriers. "We continue to believe that longer-term consolidation poses a threat to regional airlines," JP Morgan's Jamie Baker wrote. "Regionals exist to feed hubs. . .As a means of reducing industry capacity, consolidation is ...

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