The fact that Aloha's privately-held (as mentioned above) makes me a little more weary of Aloha than I was with Hawaiian when they were in Chapter 11. At this point, it's all speculation and a shot in the dark. Even if Aloha were to go under, how would Hawaiian increase their service? They don't have the jets to do so and I can't imagine that anyone would want to buy Aloha out.