JAL bankruptcy a tsunami whose waves circle the world; maybe deadly for oneworld

As JAL declares bankruptcy and Delta closes in on a new partnership, the oneworld alliance and its members are contemplating the wave of change that is hurting them so much. The alliance's leading US and European members, American Airlines and British Airways, are struggling to reinvent themselves; antitrust immunity for them seems to be an unachievable goal; mergers are seemingly out of reach for the time being; and now...JAL.