Airline Bankruptcy Season is Upon Us? (be sure and read the fine print?)

Looks like at least 2 major US carriers circling the courts getting ready to declare Chapter 11 — following several international carriers already grounded.  In the US, a Chapter 11 filing is just an easy way to stay in business but get rid of heavy debt, employee pension plan commitments, reduce payroll expenses (layoffs and or terminations), stiff vendors with pennies on the dollar for money owed and continue doing business. The TC “predicts” at least one of the top ten US carriers will cease to operate completely in the next 12 months — give me your best guess — with a special recognition prize to winners?