To lower fares they'll need a lot of investor money to burn off, I don't really see that scenario in the coming year.
Those who need to fly will fly and they will have a less connected flight network for a year until it settles back in to somewhat normal.
Some may go out of business. I was in the travel agency biz during 911, which was similar in that people were afraid to fly. It took a year and a half for prices to go back up.
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