Firstly, my best wishes and God's Speed to those of you effected by this collapse.
It does make me wonder if the top of the aviation cycle has passed?
Aloha, Oasis collapsed. Ryan Air, Easy Jet, Virgin Blue, Jet Blue all signaling significant profit drops. American economy still struggling with big industrial companies signaling profit drops. UK economy on a slow down.
The likes of these LCC's grew out of a "new market" it's that market that is first effected when things get tough.
Pilot shortage? ...I think not for too much longer. Is it time to put some money away for the storm on the horizon?