No, that is why when they cancelled my flight from Columbus, OH and triied to put me on a later one, I said that I just wanted a refund, and I rebooked with Delta. This was for Sept 16-23rd. I was afraid that they would just fold all together, and we'd be out of luck, or if they would get us to Florida, and then fold during our vacation, how would we get home? I don't think any other airline would accept a ticket for exchange from an airline that went out of business.