I think CRAWDADDY and others were thinking that the phrase
"However, the current status of the airline industry and the economy has made our business unsustainable, and we are closing" was referring to the aviation industry, when in fact, Kit was referring to Air, Inc specifically, not the industry as a whole.
The sad fact is that a regional career has become just that... a career, except for about 10-20% of the pilots who have very good timing. I wouldn't look for shortages of pilots for at least 10-12 years, and even then it will only be at the Regional level. People who get into this career either do it because they love it, or because they don't have anyone to tell them the stark reality of what their career is likely to be. The new proposed rules will only exacerbate the situation, as college counselors want people in the door and now they'll have a good argument for convincing high school graduates to "get in now with the new regulations coming, you'll be set"
And you might as well give up on us putting a gatekeeper on aviation like the AMA. We're more like attorneys in that respect: lots of hurdles to cross, then 60-70% barely eek out a living doing it, with more attorneys in law school each year than there are practicing, successful attorneys.