What makes you think that allowing the holders of airline bonds and equity to take a bath will result in commercial air travel disappearing? Edit: I should be

What makes you think that allowing the holders of airline bonds and equity to take a bath will result in commercial air travel disappearing? Edit: I should be clear. Yes they're idiots. There is no reward without risk. Stock buybacks make businesses fragile. They're functionally equivalent to selling insurance. They provide predictable returns with high probability and absolute ruin with low probability. They've been playing Russian Roulette for years and it turned out a bullet was in the chamber this time.