The biggest problem that XL have is the fact that re-financing is out in the public domain in the 1st place. Bookings for 2009 might be up now, but the travelling public are a fickle lot.
Those in the industry had known for a while that Zoom were in trouble, and i even told some friends of my parents to cancel their booking with them 4 weeks ago, and re-book with another carrier which they did. Mr and Mrs Joe public will be sitting indoors staring at the rain right now, planning next years family holiday, and thinking to themselves "Don't book XL cos they might not be here" Their hard earned and saved up holiday pennies will be spent on a tour company/airline that they percieve will be around next year to deliver, and quite frankly, who could blame them.
The sooner that XL get themselves out of this hole, and publish some good news in the media the better it will be for all concerned.