So, I read this article, and then I went off on vacation, and on the way back had occasion to read the October edition of Hawaiian Airlines in-flight magazine, in which they had an article from the CEO about the recent history of the company. One of the key points that I remember from the article was his point that the airline industry was always in crisis, and so it was important to keep moving the company forward even in the midst of crisis. In his example, it was continuing to add new routes and buy new planes even in the midst of the last year, but it seems like very much the same story you're telling. I thought the synchronicity was pretty interesting.

(Incidentally, looks like the article will be online at www.hanahou.com at some point, but isn't up yet.)