I've been seeing the articles regarding 3 small airlines that went belly up just last week. I was quite surprised after doing some industry readups there is yet another airline industry bust in the myths. Just seems these guys can't get it right.

I have my UAL points, about 120k and was considering using them up incase they bust and loose all my points similar to the ATA customers.

What are the thoughts regarding this on the forums? Anyone else considering the usage of points now that the problems are arising.

I was reading an article regarding AA that had the CEO talking about the near-term problems they are seeing creep up with high fuel and decrease in travel.