Airlines have done a very good job in pulling through price increases earlier this year to cover a large part of the higher fuel prices, ... Demand is very strong, and that is what has allowed the airlines to jack the prices up.

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.

The big carriers are competing much more aggressively now price-wise -- allocating seats to win as much traffic from small carriers as they can. Then, of course, jet fuel prices did hurt everybody last year.

I think there's a good need for the product and a good asset,

Although airlines have recently passed through a few price increases, they pale in comparison to the magnitude of the sustained rise in jet fuel prices.

By and large, we're doing a good job of it.