They've made no secret of their desire to increase fares, and in many cases, I've seen much higher advance purchase coach prices. Those capacity reductions appear to be working.

Yesterday, the spot price of jetA reached $3.12/ga:

http://www.marketwatch.com/story/air...4?siteid=yhoof

I'd look for more price hikes (or attempted price hikes) unless oil prices quickly drop and stay low.