Back to the original question. Malaysian will survive because it is important to Malaysia Inc. The government will not let it fail...
Agreed with that point wholeheartedly.
Also, you can't compare Malaysian Airlines run of unfortunate luck with Pan Am for this reason - The tolerance and acceptance level for hull losses in Asia is higher than in Western countries. Even ICAO did some stats on that very topic some years ago. From memory, as an example, ICAO found that USA citizens accepted around 1.4 losses per year as 'acceptable'. People's confidence in air travel didn't change much. Anything more than that and the citizens were jumping up and down! Australia's tolerance is even lower, meaning an accident say like with Lockhart River, a Metro with around 15 pax or something equivalent was about as high as people would accept. Then you had statistics for Asia where the tolerance was much higher. Indonesia was around 2.5 complete hull losses per year, and the punters weren't overly concerned. It was an interesting research paper, I might be able to rustle it up from somewhere. And keep in mind these stats are from memory and some time ago, so they may be a little inaccurate, but Asia certainly had a greater acceptance of airline crashes than western countries. I guess my point is that I think, or at least hope that MH survives. It would appear that at this point in time the hull losses of two 777's is a really really bad run of luck. There were other carriers operating along the same route in that area of airspace who also believed that 32 000 feet was indeed safe.