The whole industry needs to get smaller.
More Quotes from Sam Peltzman:
Right now, it's the best of both worlds low fares and lots of flights. But that can't last, and everybody who doesn't have a flight available to them in the future will be worse off.Sam Peltzman
The broad conclusion from tons of academic research is that private sector does things better than government. In a lot of these cases privatization is the only thing do because (large state projects) require a lot of capital and government entities usually have limited access to capital.
Sam Peltzman
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TO fear God, is one of the first and greatest Duties of his rational Creatures.
Charles Inglis