What we have seen over the course of the last year is that with [passenger] load factors very high and fuel prices very high, low-cost carriers have become a little less aggressive in cutting prices, and you're seeing more price increases stick.

That's how you hone your competitive survival skills. You don't do it by getting all kinds of protection. That's a feather in their cap to be able to do this in a market that's as open as Dubai.

Other airlines have found they've grown faster than they could successfully manage. When you add that much capacity, you have a lot of risk during market downturns. You can't stop paying bills for new airplanes just because passengers don't show up.

It's one more competitor that's staying in the marketplace, and that tends to keep fares down.

People found out they aren't as aggressive as they thought. For the majority of investors, they should be tweaking their portfolios more conservatively.

People get so emotional with stocks, especially when they work for the company.