Only if some form of artificial constraints is placed on growth, the reason being seen in the following observation of a rural newpaper columnist:
Advertisers have always known that there is a never-ending supply of people overwhelmed by restlesness, emptiness, anxiety and inferiority.
Which plays into the hands of advertisers who well know that there is a never-ending supply of people who have duped themselves into believing the fallacy that buying "more stuff" will cure their maladies.
The words of the columnist would be equally true if "airlines" were substituted for "advertisers." Whether or not airlines know that, for the same reason, they are in the driver's seat is questionable. Hint: people will gladly throw good money at what they are self-duped into seeing as the cure to their personal issues. Flying off to somewhere else is one of the non-cures that many see as the way to fix their personal issues. After discovering that they are "right back in the same boat" after flying off to wherever, they are so deep into self-deception that they actually believe that doing it again (perhaps to a different place next time) will somehow be the cure that none of their previous junkets have been.
Cynical? I can understand if some see my view as such. Truthful? Undeniably so based on the overwhelming weight of evidence.