http://www.usatoday.com/travel/fligh...ne-panel_N.htm

"...Ed Wytkind, president of the AFL-CIO's transportation trades department, said he doesn't expect the Obama administration to attempt a return to the kind of regulation that existed before 1978 where the government set fares and routes. But he said he'd like the government to tighten requirements for new, low-cost airlines seeking to enter the marketplace.

A parade of low-cost carriers have at times driven air fares below cost, Wytkind said. That causes economic chaos for mainline carriers until finally the new entrants go bankrupt [or their costs mature (my comment)] in a process that hurts the entire industry, he said..."

One simple way to begin stabilizing the industry is to quit issuing 121 certificates for the next decade. If we have a glut of seats on the market, why add to them.