FDOS 13/05/2013 16:13 GMT is spot on.
The near future – 5 years will show sluggish improvement at best with interest rates predicted to stay around the current levels until 2015-2016 at least. (Good for those with high levels of debt)
The elephants – the traditional, legacy large carriers, I expect to mirror the above.
The new world will be the domain of the Gazelles. Gazelle companies will drive the economic recovery – in the airline industry imo they are Easyjet; Vueling; Jet Blue etc.
FDOS will be a great loss to the forum. A true, highly experienced business traveller with an in-depth personal knowledge across a vast array of carriers and destinations.