Would be better if it was only VS wrestling with huge problems but unfortunately the problem is worldwide and so if you take say 20 or 30% load factors out of a hugely financially geared industry it means that most airlines become become worse than worthless but in fact a liability to the owners.Where do you redeploy capacity and why would leasing companies tear up contracts.Reducing staff and operations seems the only way to survive but that in itself introduces huge extra costs and so the cycle will worsen until confidence returns.No it,s not just VS - we are all in an industry in for medium term pain and the accent will be on retaining present market or obtaining another airlines loadings rather than expansion of ones own services.Let,s hope confidence returns sooner rather than later.