I think we've entered a new phase. I don't think we've reached the saturation point yet. But while they will try to avoid each other, it'll be harder to do.

People have known about the challenge of the low-cost carrier for at least a decade. The major airlines did not have an answer. Instead they went about raising fares on the routes where the low-cost competition didn't exist. That was a game that would have caught up with them sooner or later, with or without 9/11.

Jim Craun

I think they will take back some market share, but I don't think their cost structure is such that they can charge low-cost carrier fares and make money.

Jim Craun