hopefully long term!
2015 eps estimates have the synergies built in, but the potential drop in fuel is not built in, yet.
A 10% drop in fuel prices YOY in 2015 over 2014 would add $1.50-$2.00 to 2015 eps.
Plus, there will be a tailwind for the economy with lower gas prices ... more demand for the airlines ... even more to earnings.
At risk of making an understatement ... This is all good.
Per Seeking Alpha: Airline stock start the week with an upward swing after crude-oil futures drop. Several analysts are out with a forecast for the lower oil prices sustaining for the short-term.