From the LA Times:
“People don’t have to worry about fare increases,” said Jan Brueckner, an economics professor at UC Irvine. Instead, airlines probably will invest more of their profits into roomier seats, better entertainment systems and tastier food. That would enable them to offer pricier seats and extras for fliers who are ready to move up from the economy section. “It’s a way of extracting more money,” Brueckner said.

For the full story, please visit http://www.latimes.com/business/money/la-fi-mo-record-airline-profits-20....