another question from a noob: I understand that when an airline value is negative, it must not necessarily reflect an instant threat to freeze operation. E.g. An airline has 500.000 cash but loans of 2 mio. etc. I wonder however, when an airline is forced to cease operations. I am located in Frankfurt and hence have only little freedom to operate for the big boys have taken most attractive routes. However, two airlines located there are in fact in the red and I wonder if there is any experience when it may make sense to enter into direct competition on a few routes with them, in order to accelerate their drowning and in order to grab the routes early in that process. Is there an announcement when they are bankrupt or are the routes etc. simply deleted? Thanks for your help!