With how many airlines have gone out of business recently, especially start ups, the airline business may no longer be an attractive industry to enter. The start up low cost carrier product has be tested and for the most part failed (only two stable major LCC's come to mind SW and Airtran). People may begin to look to a different investment fad to burn money, since it has now become common knowledge that an airline is a bad investment. I think we may be approaching a point where only a few key players emerge from the recession and dominate the market and with that attain the ability to properly price their product.

Just trying to be a little optimistic in a tough time....