In the past, when we had the tremendous run up in fuel, we also had a recession. Those two things together clobbered the industry. Now the economy is moving ahead, and carriers will have a little more flexibility on the pricing side. |
Liquidation is something that happens rarely in the airline industry. We've seen in the past, they can last for a long time even when they're losing money. |
The airplanes, the physical plant and production capacity of the industry doesn't change if a carrier goes out of business. |