Many flights may well be operating with 'normal' load factors. Try to remember that all that means is that the revenue on those flights has not changed! Many flights are also operating with 'below normal' load factors with a subsequent reduction in revenue. Now apply the fact that operating costs have just shot up considerably (primarily from the scandalous Insurance companies), and with already tight margins that will now mean an overall loss for a lot of companies. Add that to the fall in many airline share prices, it is no wonder there is so much suffering; if your liabilities can no longer be covered by your assets you are insolvent.