Travel companies and locos/airlines have had it good for maybe 3-5 years, this introduces entrepreneurial aspirations in management so you see start ups/aquisitions and expansion.
Problem being everybody wants/needs a bite of the apple, XL/Zoom/Futura in their failing whilst incredibly unfortunate actually goes some way to helping the future of the others.
Larger airlines will lick their wounds, nobody will be daft enough to make inroads into the remaining reducing capacity whilst they do so.
Over the next 5-7 years prices will firm up, positive profits will stabilise on the reduced capacity, until such times as the streamlined profits and entrepreneurial spirit will return and start ups, aquisitions and expansion will come around again.
Bombs Away
Airlines should aspire to have a "standard distribution" of experience, imagine a bell shape in profile in the bottom left is a small area of inexperienced crew, the thick bit in the middle contains upgradeable SFO's and FO's and expereienced captains with a few crusty pending retirees in the bottom right hand corner. This has safety benefits, personnel benefits and prevents direct entry commands promotes internal promotion and gives beancounters a target for early retirement and or voluntary redundancy in said bottom rh corner
Airlines like Ryanair have huge experience gaps which is why they revert to the contract market regularly and have the crewing reputation that they do.
Sympathies to XL crews lets not forget the unfortunate zoom and futura crews that already seem like yesterdays news