Lets take a look at reality. Worldwide its nearly 100.000 companies that hold licens for commercial operation.
That mean 0.0025% of companies went bankrupt.
Well, of those 100.000, there is 80% that hold 1-2 planes. And fly only 2 destinations.
So, let take a look at only "decent sized" airlines. 20.000 of them in the world. 25 goes bankrupt.
That makes it to 0.12% of companies, went bankrupt because of high oil prices.
And lets not forget, that was CRISIS and not the oil prices that affected all that.
You convinced me. Thank you.
Ok I ve got to fly, cheers.