and now Skybus...
Who's next?
What a pitiful situation.
This is going to be another one of those periods where most of the startup airlines go under, allowing some of the majors get to raise fares and keep providing bad service for a while longer. Even an airline as relatively healthy as Southwest is cutting back some flights. Fuel prices are the major problem - expect fares to go way up across the board as the competition drops out.
Suffering short-term memory?
PSA
Eastern
Braniff
Pan Am
TWA
Western
Complete list of Defunct Airlines