Airline industry in dire straits as majors risk collapse

:: Travel Weekly
"Some airlines seem to be rooting for a major competitor or two to liquidate, on the theory it will remove capacity from the system, leave passengers chasing fewer seats and enable the survivors to raise fares...Perhaps airlines should be careful what they wish for. Industry veterans note airlines would be hard-pressed to provide an example where a liquidation created the conditions, beyond a short term, for fare increases by reducing capacity. "