Definitely agree. I would not want to own airline stock right now. If an airline goes through Chapter 11 bankruptcy, how much is that airline stock, out the other end? Zippo. As they used to say, that and a quarter will buy you a cup of coffee.
Remember, Chapter 11 is reorganization, not liquidation. Big difference.
Even Warren Buffett dumped all the airline stocks he held, just a couple of months ago.
On the other hand, if someone feels lucky playing Russian Roulette, who am I to stop them? High risk game.