Airline woes

With recent flight cancellations, record fuel prices, delayed flights, overbooking, airline bankruptcies (Skybus, Frontier, Aloha, etc), layoffs, etc civilians may begin taking alternate travel steps. One bad sign can be seen when some airline shares are cheaper than an airport burger (ExpressJet $2.21, MesaAir $0.96). Maintenance spending has been cut back for years as well as company cost cutting (wages, pensions dissolved, benefits, etc). Northwest was the first to not feed passengers. United was the first to charge for extra checked ticketed baggage. Across the board we are now starting to see more mergers, discontinuing flights, pulling out of hubs, etc. Where does it end? Will this be the beginning of something else? Are we going to see a major airline close its doors in the near future? Or will we be seeing a airline that begin using alternative fuel in the near future? Definately interesting what might be in store for this industry. Any thoughts? Would love to hear.