Sorry if you took offense, and a dose of negativity/realism is good for the aspiring pilots, such as myself, reading this forum.
However I think the bearishness sometimes gets to a ridiculous level.
The world's population is continueing to grow, economies are growing and more can afford to fly. If this is not the case we are all scr*wed, no matter what industry we are in!
There is no armageddon as long as Airlines offer the only practical way of travelling any journey above c500 miles.
The long term trend of the airlines has been growth, often rapid growth. Nothing fundamental has changed and it will continue, with cyclical volatility, untill someone invents the teleport.