Originally Posted by
ClimbGuy
At first I was 100% with you on this one. Then I thought about it a little, now if you want to ignore the fact that with the current administration, no major Airline would be allowed to file CH 7. Lets say you fly airline X to Japan and then they shut down. Even if your CC refunded you for your unused return, you would still need to buy an expensive last minute one way.
Obviously the odds of something like that happening are extremely low and if it did other airlines would probably try and 'rescue' the pax.
If you get travel insurance that guarantees you a replacement ticket then it might make sense. But the article suggests it simply for a refund, not for the replacement ticket.
As to other carriers "rescuing" the pax, that is much more likely with other US-based carriers. If you are flying off somewhere that is not straight US-based carrier service things do get more complicated, though not impossibly so.
And I'm not entirely convinced that Ch7 is off the table. There is clearly too much capacity in the domestic market still.