Something drastic is going to have to happen. Basically, you have to have airline consolidation.

I didn't think there was an industry in worse shape than the airline industry -- but I have finally found one.

At this point, I think it's a high hurdle. If it does happen, it's going to be en masse -- all or nothing.

They're probably looking at what's happening with Northwest and Delta and probably realizing they have to get their contract cost structure down as well.

Operating two products under the same name has never worked. They've learned a lot from operating a low cost product and now in bankruptcy they can incorporate that into their main line product.

Any amount of savings at this point is desperately needed by the airlines. With the tremendous pressures on airlines, this is one of few areas where they can actually reduce costs. With online purchasing of tickets, more and more channels are becoming available for consumers. If travel agents go out of business, it'll make the system more efficient. It's a hard statement to make, but it's true.