I caught word on CNN this morning that Japan Airlines-- the same company that just launched its own Doraemon airplane not four days ago --has just filed for bankruptcy today.
According to the CNN report (and subsequent reports like this one), JAL has filed for bankruptcy with a $25 billion debt. The company will be permitted to continue operation while it reorganizes, but is being wiped out of the Tokyo Stock Exchange, which I believe royally screws stockholders.
Delta and American Airlines are reportedly still in talks to form an alliance, with Delta specifically saying that they "fully spport" JAL and are "ready to provide assistance and support." Hey, if that meant cheaper flights to Narita I'd be thrilled...but for now I think I'll just wait and see.
...And fantasize about $500 airfares to Japan. Mmm, that'd be awesome.