With the US Justice Department halting the merger of AA & US, what will now happen?

With the US Justice Department halting the merger of AA & US, what will now happen?

Will US continue in its membership to be part of OW?

Will AA continue as a going concern? Will this impact the AA and QF arrangement?

Thoughts anyone?

This is a legal argument that can be changed. It doesn't necessarily mean that it won't go ahead, especially if AA claim that the airline will go under if it doesn't happen. I'd expect there is a lot of tooing and froing going on at the moment between the bankruptcy trustees and the DOJ.

1.  The most likely outcome is delay, not a halting.   Legally the matter is now before a court, and so  practically that means it is in the hands of legal teams to negotiate. 

2.  One can hypothesize what alliance US might choose, absent a merger.  

3.  Whatever the negotiating postures might be on how they need a merger, again in practical terms AA is more of a going concern following bankruptcy than any of US, UA, NW, or DL were.   After restructuring even the unsecured creditors stand to get substantially repaid (under the merger plan, a full 100 percent recovery, even).   UA's received about 10 cents on the dollar owed.   The creditors would not be stupid enough to force a liquidation that would yield them UA-like recovery.