Up Up and Down

While in B-school, we are always taught that Airline industry is not a good business to get into. Today Jet Airways has a bigger problem than just running their existing business. The most interesting aspect of all this is Jet Airways stock price has not gone down a bit over last 2 days, infact it has gone up by more than 5%!!! What does this mean???
I had a short discussion with my friend Anuj, who also tracks stock markets like me. Some of the points that came out were:
1. Market feels that jet airways is better off being idle, as operations will only add to the cost
2. They are better off selling their assets to some other company
I think the market is also trying to factor in these points. We tried doing some web search of the profit making airline companies in the world and some interesting facts are given below. Most profitable airline companies are:
1) FedEx
2) Lufthansa Group
3) British Airways
4) Singapore Airlines Group
5) Qantas
6) Emirates
7) ANA
8) Cathay Pacific
9) Air France / KLM Group
10) Southwest Airlines
Though the data is slightly outdates, most of these airlines have been able to do good business because of their global presence except for Southwest airlines.
Well, we will have to wait now to see Mr.Goyal's next step or "Strategy".