Hello everyone. It has been a long day for yours truly. Actually a long two days, as this week’s issue was compressed into a two day writing adventure. Tomorrow, I will be at this year’s US Airways’ Media Day bright and early. Put the two together, and yes, your PBB preview will be brief this evening!

This week we talk about some of the more interesting comments and discussions we heard at the recent CAPA “Airlines in Transition” Conference in Dublin. Essentially, forget the old rules is what it comes down to. The airline industry, worldwide, is going through a period of instability and change.

Surprised?

You shouldn’t be. As positive as consolidation has been for the industry in the US, we still have problems. There are still airlines that get it — and those that don’t. Alliances? The branded alliances are merely one part of what an airline should be looking at in terms of JVs, partnerships and more. Low cost carriers? Some of them want to try and steal some of that high-yield business while some legacy carriers are trying to compete with the low-cost guys.

It’s a jungle out there.

We also talk this week about the latest on the AMR merger, we give you one Wall Street analyst’s views on just how much sequestration could cost the industry, and well, you know, we talk about a lot of other things as well.

All — in this week’s issue of PlaneBusiness Banter.