In an optimally functioning world yeah - in an artificial world, where all of them lose money and are propped up artificially, one failure will lead to the rest

In an optimally functioning world yeah - in an artificial world, where all of them lose money and are propped up artificially, one failure will lead to the rest of them perhaps losing a little less money ... or it could be that travel drops - fewer flights overall may mean fewer passengers for all of them - most flying is purely leisure