Gidday bushy,
Your post makes sense, but with respect, it only applies to the here and now. Airline managements have proven themselves to be notoriously reactive to situations such as this.
The beginning of this year was the time for action to mitigate the effects of this crisis. alas, nothing. The major airlines, being at the top of the food chain (in Australia at least) could sit on their hands to a certain extent. The second level operators, REX, QF Link, etc... should have been thinking seriously about where they would be towards the end of the year! Fast forward 10 months, and the loses of experienced crews are exceeding 50%, cancellations of flights are a daily event, cancellations of services, and the share price going into freefall.
The obvious question is not where are we now?, we all know the answer to that one, but where will we be in another 6 months, 12 months etc... And more importantly, what can be done about it......NOW!!!!