American Airlines has been forced to cancel hundreds of flights because of a shortage of pilots. The unions have been in a battle with parent company AMR for months, and pilots were in support of a proposed merger with U.S. Airways (NYSE: LCC ) back in April. Although it hasn't happened yet, Fool.com analyst Brendan Byrnes believes that a merger is ultimately likely. Much consolidation has taken place in the airlines industry lately -- Delta (NYSE: DAL ) and Northwest; United (NYSE: UAL ) and Continental; Southwest (NYSE: LUV ) and AirTran -- with U.S. Airways and AMR up next.
Watch the video for the full story, including Brendan's reasons why airlines is the last industry investors should consider right now. If you're looking for something different, though, then you should check out our new free report "The Motley Fool's Top Stock for 2012." In it, our chief investment officer identifies his favorite company of the year. To access the report before the rest of the market catches on, click here now -- it's absolutely free.