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Though most of the attention is focused on potential mergers between Delta Air Lines Inc. and Northwest Airlines Corp., and UAL Corp.'s United Airlines Inc. and Continental Airlines Inc., the rumor mill remains cluttered with talk of rival bids, and smaller deals in the sector as well.
Talk, of course, is cheap, and it remains likely that most of the scenarios that are being talked about will never become reality. But with so many discussions going on, and investors eager for dealmaking given the stress sky-high oil prices have put on margins, it appears multiple airline deals could be on the horizon. However consolidation plays out, it appears the airline landscape is likely to look much different by next year than it does today. - Lou Whiteman See TheDeal.com story with the latest on potential deals between Delta and Northwest and United and Continental
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American Airlines parent AMR Corp. is often mentioned as a potential hostile suitor for Northwest, but industry sources say that the company's reluctance to tackle such a large transaction, coupled with an expected equity infusion by Air France-KLM Group into a Delta-Northwest deal, makes such a scenario unlikely. Instead AMR could pursue smaller Alaska Air Group Inc., which despite its name, does most of its business up and down the U.S. West Coast where American is weak.
US Airways Group Inc., the product of a merger between US Air and America West Holdings Inc., is another wildcard. The company's management team has shown a willingness to do further deals, having lost out on a 
AirTran Holdings Inc., a discounter who tried to jumpstart consolidation last year with its 
Southwest, meanwhile, which last month 
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