People have mentioned that aviation cycles and it is true. However we are seeing some big changes going on here. Unlike past slowdowns this recession is huge and oil is threatening to go up again. I don't think we have seen the worst of it yet. The industry needs to constrict a bit more. Many airlines have not yet even recovered from 9-11. Some mighty old trees of the airline industry have yet to fall.

I just don't think we can count on another typical return to the good times. Even then they were not all that good.

Skyhigh