That's actually a good point.
For decades, an airline growing was the only way for it to remain profitable, by making sure the majority of employees were on the bottom end of the wage scale.
Now that the pilots aren't flowing through, and growth is no longer an option, airlines are going to HAVE to raise prices to cover the costs, and that INCLUDES Southwest, as their hedges slowly increase in price, they're not going to have a choice.
That's why the airlines need to be re-regulated. The CEO's keep playing the game of "let's undercut each other" to the point they can't make money and there is no more blood to squeeze out of the employees to make up for it. They're not self-policing, they're gaming the system.
Hell, I'd be happy for a law passed that requires any company working under the RLA to have to price their product at least break-even for the cost to produce it, on a leg-by-leg basis, not this b.s. of "we lose money here to make it up over there".
Yes, it would result in loss of service to smaller cities and the government would have to subsidize more, but it's either that, full regulation, completely stop the ability of airlines to file reorganization bankruptcy, or we continue the profit/bankruptcy cycle we've seen ever since deregulation.
Deregulation of the airline industry has been a failure because airlines aren't required to run profitably or fail. Taxpayers are benefiting from lower ticket prices, yes, but they pay for it in higher taxes as the government spends Billions when they keep getting bailed out. Fix their ability to price at a loss and file reorganization bankruptcy, or reregulate the industry. Anything else is just a band-aid.