One of the American carries needs to go. If they don't make money why support them? Thatcher said to BA in the 80's, sink or swim but your not going to be bailed out anymore.
Someone needs to say the same to the US carriers. There is too much over capacity in the US constantly driving air fares down meaning the situation is going to grow worse.
Once a big airline goes, the capacity will be reduced meaning air fares increase and perhaps the airlines can start to make money again.
It will be interesting to see how what Eddington would say if BA's partner airline AA filed for chapter 11. I reckon AA mighr be considering it with NWA, Delta and United all in chapter 11 ignoring their creditors.