Well, I don't "hope" that to be honest (the reality of that is too awful for just about any human being to contemplate), although if I was a betting man the likelihood is high. It is more the case that ultimately their reputations will be ruined. They will always have money at a personal level. I suspect Swire's involvement with CX is drawing to a close. The likelihood of another fuel hedging debacle is high, and I suspect that they will soon have to declare such. There is NO way CX will emerge from this episode as the same airline it was going in.