JAL has filed for bankruptcy with the expected loss of 16,500 jobs.http://news.bbc.co.uk/1/hi/business/8466997.stmIt's value as a company is now said to be less the the price of a new jumbo jet .Which airline will be next?

Wow... a national airline gone. I'm kinda hoping BA don't tank it next...

Hate to say it, but it had to happen sooner or later. :( BA is definitely in trouble; if they don't get their pension situation sorted out, all bets may be off (including their merger with Iberia).

if they don't get their pension situation sorted out

It's not just airlines who are crumbling under the weight of pension obligations they can never hope to meet, it's half the cities and states in the US...From America's favorite economist, Mish Shedlock...http://globaleconomicanalysis.blogspot.com...l-bankrupt.htmlThe only way out of this mess is to declare bankruptcy and turf or renegotiate all those gold plated pensions that are completely financially unsustainable. At least so says Mish...