I'm led to believe that AB's situation is -extremely- critical. However, also it is indicated that it is far more likely they get absorbed rather than close up shop Malev-style.
I personally do believe that the days of AB as a stand-alone carrier (and for that matter, a member of OneWorld) are very numbered.
And, anecdotal evidence from deep within AA, indicate to some far more knowledgeable than I that preparations for such a change are already in the preliminary stages at AA.