My short answer is...as the cost per avail seat mile increases, airlines, in a perfect world; will increase ticket prices to offset these cost increases. Just for a second, take the low-cost carriers out of the equation...with ticket prices increasing, leisure travelers put of flying for vacations etc, and corporations tighten travel budgets and business trip flights are replaced with video conferencing, car rentals, emails, and the like.

So yes, I would be worried over the next 6 to 18 months if we remain on the same or worse cost schedules.

Oh, did I mention the effect that the low-cost carriers have on this opinion ??

I think you get the idea...

FF