Before anyone else, besides Heavy Cargo and International Trader, get too excited over the prospect of another airline collapse, they should first read Ross Greenwood’s piece published online in 'Money'
http://money.ninemsn.com.au/article.aspx?id=575329
on J P Morgan's analysis of Virgin Blue's financial prospects in view of current and forecast fuel prices and the impacts on its bottom line if not addressed with appropriate fare increases.