[ora600]

It is my understanding that airlines going bankrupt again and again is a direct result of their relationship with their pilot unions:

http://philip.greenspun.com/flying/unions-and-airlines

[whakojacko]

That, $100/barrel oil, and a mediocre economy.

[rexreed]

The airline industry has long been a money-loser, price of oil and state of economy not withstanding.