^Yes, the septics are having some aviation woes:

http://www.bloomberg.com/apps/news?pid=20601087&sid=aWEdAAaajrAk&refer=home

Also:

Frontier Airlines files for bankruptcy

Frontier Airlines, a US low fare carrier headquartered in Denver, collapsed into Chapter 11 bankruptcy on Friday as the latest casualty of the growing shake-up of global aviation, as carriers struggle to cope with record oil prices and weakening economic growth.

Frontier said it had been forced to seek court-administered protection from its creditors in response to a move by its principal credit card processor, First Data, to start withholding “significant proceeds” received from the sale of Frontier tickets.

The collapse of Frontier into bankruptcy is the starkest illustration to date of the drastic tightening of operating conditions in the US aviation sector, where several leading carriers are already cutting domestic capacity and grounding older aircraft.



The airline said the action by the credit card company would have drained “a substantial portion” of its available cash almost immediately and may have made it impossible to continue normal operations.

Frontier said it intended to continue operating its full schedule of flights while in bankruptcy. It said it expected its restructuring in Chapter 11 to last between nine and 18 months.

“It is truly unfortunate that we have had to take this action,” said Sean Menke, Frontier’s chief executive.

“We felt that Frontier would be able to withstand the challenges confronting the US airline industry, which include unprecedented and significant increases in the cost of jet fuel and the impact of the credit crisis in the financial markets, without seeking bankruptcy protection.”

Under the bankruptcy code, the credit card processor would be prohibited from increasing the share of ticket sale proceeds it was withholding.

“We are prepared to litigate this issue if necessary,” said Mr Menke.

Frontier’s bankruptcy comes less than a year since the outlook for the US airline industry appeared to be brightening with the emergence of two leading airlines Delta Air Lines and Northwest Airlines from Chapter 11 restructuring.

At least five US airlines including Skybus, a start-up low-cost short-haul carrier, Aloha Airlines and ATA have collapsed, suffering the same fate as Maxjet Airways, the all-business class, transatlantic carrier, which went into liquidation at the end of December.