In the airline industry, cash = time. Frontier actually has a decent amount of cash if I remember correctly. I believe they have about $200 million in cash. Even though they are losing $40 million a quarter, I don't see their demise as imminent. I think there is a much better chance of a few others carriers going out of business first (Mesa, VA, etc...)

Oil prices are going to continue to force carriers out of business. Something needs to be done about these fuel prices.