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All of those things happened in 2008. It probably wasn't tough to predict that, but it did happen. When oil was near $130 a barrel, RJs were starting to be parked, and have been parked ever since. (look at Comair) LCCs stopped their expansion, and the Legacies did get new management---RA took over at Delta and found a merger partner with NWA, Larry Kelhner left CAL, etc. A lot of what he says is obvious, and a lot of it also becomes reality. If you want to read all of his predictions, you can go to his website. Interesting reading.
Bye Bye---General Lee
Reality is RJ's are being parked now...Mesa and Comair...and more are being parked than bought. These airframes that haul 50 Pax..cost as much to maintain as a 90 seater..problem is a 90 seater is overcapacity for some of the rural markets...I wouldn't be surprised to see more turboprops to out of the way places with gas prices climbing.
another brillant post by the resident putz herself, nice JennyLee