An eventful week in aviation: USAir/AA merger; Virgin Australia equity offering

This week we have seen the US Airways/AA merger effectively go through and that will of course change the landscape quite a bit in the US market, not because of US Air/AA so much but due to the large numbers of slots that have been seemingly allocated to low-cost airlines only, which does indeed seem unfair to the likes of United and Delta and others who are being frozen out of the impending bid process. Of course JetBlue, Virgin America, Southwest and others will now have to set aside a considerable amount of cash to fund any potentially winning bids,