I'm not sure I share your optimism. The economy in a "shambles" is as much an argument against Mesa being able to negotiate with its creditors, as it is an argument for it.

Fuel continues to stay high, domestic capacity will be cut, and there is no telling how much farther domestic capacity may be cut (as discussed on the front page of the today's USA Today, among many other places). Unfortunately, RJs are going to feel the pinch more than their mainlines, and it will take longer for them to recover.

At some point, investors will stop throwing money at airlines and cut their losses. Wish I could say I'll feel sorry for go! people. But I can't.