My answer would be different if it was 2012, but 2014 and beyond, things have changed. The 1500 hr rule, Far 117, did not exist in 2012. In the short term 50 seater's will be parked. That as well as consolidation might help the staffing shortage. In the long term however, mainline operators are growing. Forecast to make huge profits in 2014. They need the lift. Next time you taxi into DTW or MSP look at the huge number of RJs. Bigger RJs will replace 50 seater's and with the dwindling supply of pilots, mainline hiring and retirements, those regionals that can attract and retain pilots will survive. Many analysts believe instead of an actual pilot shortage, there are qualified pilots out there, especially flying overseas, who are not willing to work for poverty level wages. Airlines that shrink do not give a return on investment to shareholders, I don't care how much unrestricted cash you have. Its like having money under your mattress. Some think mainline will take back the regional flying. It might, but that is years away if ever. Even if you increase the pay and benefits significantly at the regionals, its still cheaper than mainline. That's my take. Management that understands this new normal will grow and prosper, those that don't won't.