But, here's what you might see happen.A long time. The top people never suffer.
Right now you only have what, about a half a dozen major passenger and freight carriers? In the aftermath banks of the last collapse are now stress tested. They have to hold a certain amount of cash reserves on hand.
Now we have to go in and bail out out the air carriers for the second time in a decade.
Don't be surprised if the air carriers similar to the banks and as a requirement in order to keep in good graces of the FAA are at some time in the not too distant future required to maintain cash reserves and be stress tested in a manner similar to the banks.