Yep - as the slogans go "now everyone can fly". The reason for that is that costs have been relentlessly lowered every year - more efficient aircraft, less customer service, more hours, online booking etc. etc. and just about all the reduction has gone to the customer.
So far, it hasn't shown in the safety statistics.
To be fair, it is constant across all industries. The % of national income going to labour has dropped worldwide about 10 percentage points, and "the death of the middle class" is a thing.