With fuel prices soaring, these last two months have been devastating for airlines. Today another airline, Euromanx, the airline of the Isle of Man declared bankruptcy. In April ATA, Aloha, Skybus, and EOS have been among the other victims of this crises. Smaller carriers are facing bigger financial challenges as the costs of operation keep increasing, while the revenue from passengers doesn't match this cost increase.

Money Blue Book Blog has some advice on how to protect yourself against companies who are at risk of going bankrupt. In essence the advice is to use your credit card for any payments where there’s a risk of the company going bankrupt, be it an airline, a tour operator, or any other similar business.