This thing is getting ready to pop. October traffic will be announced within the next few days, which will be almost back to normal (40% to 50% increases over last year). Thanksgiving, Christmas and the Olympics are coming. Combined, all of that should make for record profits. Will be back to $30 in no time.
you have got to be joking, holiday flights will be judged by expectations and compared to last year, a certain amount is priced in and it will be much much lower, add in the people that won't fly this holiday season because of today and that will result in bankrupcy. Bad move buying on weakness. This industry will have no choice but to fold.