http://www.usatoday.com/travel/flights/today/sky.htm Chapter 7, that means total liquidation, so the WOULD stop flying. They DO NOT have ticket agrements with other airlines, so other carriers may not honor their tickets. I just wanted to warn you all. DON'T book them and if you have tickets, be prepared to re-book new travel in a moments notice. Once they go under, you'll be fighting with thousands of other travelers for space on other airlines. You won't get a refund from the airline, so contact your credit card company (if/when they file) and see if they can help you (their policies may vary). If they file Chapter 11, then you won't have nearly as much to worry about, as airlines keep flying under Chapter 11. It's only if they file 7 that passengers will be up a creek!