With TZ, AQ, and SX all folding in the span of a week, and incidentally at the end of Q1, it causes great alarm to wonder if other carriers are that close to the brink either. Aside from the economy and fuel prices, there wasn't any indicators that were so obvious as to predict the total shutdown of the 3 aforementioned carriers. TZ and AQ filed for bankruptcy protection only days before total shutdown.
Any speculation on remaing carriers who are direly on the brink? It seems that Q1 will see huge losses for all the carriers, but will any of these loses be enough to cause more shutdowns? I know that most of the majors can weather the storm with larger amounts of cash reserves, but it can't go on forever. Aside from merger frenzy being stepped up, what else can we expect in this industry?
Any speculation on remaing carriers who are direly on the brink? It seems that Q1 will see huge losses for all the carriers, but will any of these loses be enough to cause more shutdowns? I know that most of the majors can weather the storm with larger amounts of cash reserves, but it can't go on forever. Aside from merger frenzy being stepped up, what else can we expect in this industry?