The 18 month recession ended in June, 2009 according to The National Bureau of Economic Research, making it the longest and deepest in the U.S. economy since the Great Depression. Airlines have reported record profits thanks to increased demand and better management.In the latest quarter alone, airlines collected $769 million in revenue in baggage fees. IATA projects 8.9 billion in airline profits for 2010. International tourism generated $852 billion in 2009 with growth forecast of 3% to 4% for 2010.

All this may sound good for the industry but will consumers benefit?  Are the airlines likely to pass the benefits to the consumers in lowering the fares and offering better services?  Probably not, if it is left to the corporations, as the top management will more likely reap the benefits. 

 

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