And I thought, in the US, one was innocent until proven guilty.
It is one thing to bemoan one of the cyclic challenges the aviation industry experiences, even in a public forum. It is no secret that this industry repeatedly shoots itself in the foot by failing to match capacity to demand. But it is another thing to discuss and agree to do something about it.
There is evidence of the former, there may be evidence of the latter. We shall see.
In a deregulated environment prices are driven by market forces, there is no economic sense to cut prices when your costs go down. The perfect price is what the punters are prepared to pay.
Oh, and sky-high prices? The average profit per passenger last year was $8.