I don't see that at all I. The Airline industry was in decline admittedly and some Airlines were culling costs adjusting to the situation.
The World Trade Centre horror has caused a massive economic shock. It could not have been foreseen, and Airlines have had to take some pritty radical action to keep their heads above water.
And arn't fuel prices on the decline anyway hence OPEC debating whether to cut production in an attempt to raise the price of oil.
Sagey