I think its healthy for the business in a little way, to clean up the industry from all small and less efficient airlines.
As you experienced people know, the industry goes through tough patches about every 10 years for different reasons. Here we are again, and time to strap in for a while. It will calm down soon again and the remaining airlines then will start growing fresh. Then, together with new low cost ideas with massive prospects and future, the wheel starts turning again.
Dont you just love this?