Jimmy,
More like the real money has gone to the customers, fares are a fraction of what they were in the “golden age”. If anything has changed since the end of the Cold War, it’s making consumer king. We want more and cheaper; making that happen has lifted a billion people in Asia out of poverty.
The “old heads” heads at Eastern Airlines claimed, “jets ruined everything”. Gone were the days of a non-stop NYC-MIA, 24 hours layover and back, 4 times a month. My first corporate job, they used to take the DC-3 to Veradero Beach, spend days at a “meeting” and return. With the Sabreliner, it was a dat trip to HOU.
GF