I'm certain other financial wizards could debate the topic more eloquently than me, but eternal damnation to those greedy souls who think mergers and acquisitions are good for anyone but shareholders and corporate executives. The deregulation of the airline industry (like everything else in this world) only made for a shoddier product with fewer options.
You don't like getting squished into a tiny seat with no leg room? Tough. Pay a premium to get what used to be a normal cabin seat or shut up, because everybody's the same.
Putting almost all major travel in the hands of a handful of conglomerates continues to be a stupid idea, whether individual fares are better off in the short term. Lousy experiences shouldn't be the norm. You shouldn't have to beg for little more than a flying city transit bus. I joked on the last flight that installing subway handles might be the next step to shove another 100 people on board.
I long for the days of Piedmont, PSA, Western and other GOOD regional airlines that actually paid attention to customer service because of competition. Hell, Air Florida was exciting because it seemed like most of their pilots were former naval carrier guys (or used to short runways), because I can honestly say every landing they made was touch the tarmac, full reverse and full brakes. They made sure your seat belts were fastened!