To me it sounds as though alot of the news I've heard on United recently is leaning more towards them coming out of bankruptcy than going under.
However, ATA also stated alot of "inaccuracies" regarding their situation, and now they're basically turning their airline back into a regional carrier.
United is a much larger scale airline than ATA, however, and I don't think that they would've started Ted if there was anything big about to take place. I mean if you're company is going to go under, would you take the time and effort to create a start-up?
I hope Ted makes it, especially at Chicago-Midway, because we need someone else in there now to break up Southwest's monopoly.
Just my $.02
Brian