Ground and Pound Update 3

On June 4th in my Ground and Pound Update I stated the following:

You can expect cheap airfares to favorite spots to become a distant memory in the near future.

Don't look now but (June 12th) in CNN: Discount fliers: Your days are numbered

Continental announces drastic service reductions nationwide. Other carriers could axe discount flights to Orlando, Cancun, Honolulu, experts say.

I'll give the airlines credit, they are working fast and furious to trim expenses as much as possible. The pain to consumers is coming at lightning speed. Expect this to continue and become even more drastic as the malaise in the economy drags on.