Originally Posted by New York Times

“There are too many airlines and too much capacity and really no pricing power,” said Hunter Keay, an airline analyst at Stifel Nicolaus in Baltimore. “This is as bad a crisis as the industry’s ever seen.”
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For travelers, this means that airlines will continue to cut flights in the fall — not by eliminating service outright as they did last year but by reducing the frequency and using smaller planes on certain routes. Passengers may also see new fees.