We need a dead legacy soon, it will either be Delta or Northwest. Also banning a strike is illegal in some states... And if they did, there is no way to stop a strike they can just not show up to work. (I believe that is what Denver's transit did).
The LF's are going to be greater than 85% this summer. Everyone says that there is too much capacity, maybe true post 9/11 but not anymore. The legacies have already dropped seats.
I don't like flying the crowded skies now (let's not mention TSA). Dropping the legacy airline would do NOTHING for the surviving airlines, since they don't really compete against each other. They compete against the LCC. Which will fill all that capacity in rapid order.
The problem is costs not capacity. The business model is LCC.
But frankly, prices have to come up. Even the LCC's are having trouble making a profit with the increase of fuel costs.