170to5
Oil prices not gonna affect industry THAT much.
Tickets will be more expensive because of oil, yes. But on the other hand. By how much? Lets say 10-20%. Now, usually I pay around 1000$ for my vacation (cheap one). 2000$ for more expensive.
Of those 1000-2000$, ticket cost is 100-200$ (depends where I go). So, increase in oil--->tickets prices by 20%.
Now, my vacation will cost between 1020 and 2040$. Will I cancel it because of that? No. Will anyone else? I dont think so.
Buisnes trips. You think all those "important" guys gonna stop traveling, because they have to pay 20-40$ more for their ticket? (lets make it 100, since they going on 1st class). I doubt that.
And last, but not least, oil prices up, will affect gas prices for everything. Boat, cars, busses. People still gonna need to travel. ALL prices will go up by same amount, not only planes. So, those who fly, instead of taking buss today, will do so in 5 years, when oil prices is much higher.