United Has Flown Past Merger Disruption: Analysts

In 1997, President Clinton sent American pilots back to work after they struck the airline. American accounted for 17% of industry capacity at the time, while United today accounts for 21% of capacity, an indication that a United strike would probably not be permitted, even by a Democratic president. Nevertheless, Keay wrote, "That's not to say the mere concept of (a strike) can't serve as an overhang to the stock. Labor law is complicated, so headlines matter."

>To follow the writer on Twitter, go to http://twitter.com/tedreednc.

>To contact the writer of this article, click here: Ted Reed