investing on fear:
A serious item to ponder is the acceptable radius for ground transportation. In the NorthEast Corridor, many of us find Amtrak a viable alternative to the airlines. It wouldn’t take much to create attractive bus service – examples exist. My guess is that ground alternatives to flying are viable for trips up to 300 miles.
if this happens, i suspect we will see the rapid expansion of airline-clubs… that is a new broker in the airline industry that provides private jet type service to clientelle who buy the jet and hire a pilot. so… instead of paying delta to fly you to europe, you would join a club, the club would ‘vet’ you and you would pay your ownership costs and fuel costs and fly to europe without being hasseled.