SQ/TG could block CX, or CX could figure why bother competing. I doubt CX is going anywhere.
Kingfisher, that was a serious Fu(*&^ck on whoever invited them. Any sort of due dilligance (or just reading flyertalk or airliners.net) would show they have some very serious financial issues. I think Jet would have been a much better choice, if not for the fact they seem to have a better network than IT.
MX, may she rest in peace, but not the biggest blow, same with MA.
AA and JL are on the track to getting their finances back in order.
QF I am a bit worried about, I think jetstar is taking over too much.
MH, great airline and it seems the Malaysian govt will dump money into them for a while.
Overall things at OW might not be perfect, but could be worse.
I will say though I wish we picked up China eastern. Yes their onboard product kind of sucks, but all chinese carriers are not much better.