I said it earlier and I'll say it again: the airlines are doing just fine and they always will. After all, they have the monopoly on air travel, or any sort of speedy travel for that matter. They also have a near monopoly on overseas travel, since boats are pretty slow, expensive, and don't have a fraction of the number of crossings that airlines do.
It's odd that people nowadays think they have some God-given right to cheap air travel. In the old days of air travel, it was limited to the rich, people would dress up in finery and eat luxury food on-board. At some point, "economy" or "coach" air travel was invented, and more people were able to use the airlines for occasional travel or for business efficiency. At some point, air travel became cheap enough that everyone started flying everywhere, taking the family to Disneyland and Disneyworld, taking the family to grandma's, the 737 pretty much replaced the family station wagon. Flights are booked solid. Of course the airlines know this means they can squeeze more money out of people since demand far exceeds supply. At some point, it will balance out. More people will realize they can't afford to fly so they'll drive instead. People will price airfare as a larger percent of their travel budget and decide to vacation closer to home. Businesses will cut back further on travel and use teleconferencing instead. And hopefully, all this will mean less overbooking, shorter security lines, and more open middle seats for me.
Odd you mention it but yes over seas travel is a monopoly since most cruise lines done go cross seas very often and when they do it would be quiet a lengthy trip. But man would it be comfortable business are going to start looking at cost cutting too as so many are now because of the economy though it will cut back on these trips except those who absolutely have to be some where fast.
And as for price I am entitles same as anyone else to a reasonable price. I may not get it because some one disagrees but I am definately not entitled to be robbed. I have take up driving to destinations though as this trully is the best way to travel. A family of 4 going to disney world by air would cost probably 2000 dollars with one bag each. A family of 4 can take a nice sized vehicle to the same destination with less headache and do it for under 500 dollars travel with unlimited bags. Plus save hundreds more on rental cars.
Americans are entitled to good prices and cheap travel. They just have to be willing to decide whats more important. Making an airline ceo billions or cutting back and putting 1/5 of that into the ceos of an oil companies pocket and have great memories of travel! To me I think money is more important and having 4 vacations for the price of 1!