Agree with the posts above.....it is likely to lead to a slight 'sharpening of the knife' and the likes of ZRH are undoubtedly under the microscope. Getting rid of some of the old -300's would be great.....and speeding up the disposal of these aircraft would suit all round whilst also reducing slightly the aggressive expansion plans, given the current market conditions.
However, there are still opportunities out there and my money's on Ryanair and easyJet both being here in a few years time when others may have bitten the dust.