I read their exit strategy was based on $55 per barrel oil...With oil higher than that (even if its higher by a few $$$s) they or any other company teetering on the verge is going to have a hell of a time...
IMHO - legacy carriers should restrict their flying to long-haul international routes bring back the around the world routes w/ luxury class / service and leave the domestic market to regionals and LCC.
-LA