ShonTron
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I would hope they have some financial depth to their books. Like personal finance, any respectable business should have some cash reserves. With staff laid off and planes grounded, hopefully monthly costs while in shut-down aren't too strenuous. They may have to be in "rebuild" mode for a while after though, perhaps cutting less profitable routes. I'd be surprised if they go under though.
It'd be a shame for places like Timmins and Sault Ste. Marie, which finally got affordable airfares because of the competition with AC Express -- the kind of places where rail travel is infeasible and too far for bus travel for most.