It looks quite bad all over the place. Ansett Australia just went bust with an estimated AU$2 billion (US$1 billion) debt. Now Qantas is the only national carrier, after many other failed companies before it. Virgin is starting to spread its wings though. Air New Zealand is looking pretty stuffed as well. They bought Ansett, stripped its liquid(cash) assets to keep Air New Zealand propped up(dickheads), and now Ansett is gone, Air New Zealand is floundering. Air New Zealand made a stupid decision. Ah well, there's always Qantas, I doubt they will be going away.