Major airline CEOs are predicting fewer flights and destinations as some companies report a drop in profits.

The latest inflation numbers from the Labor Department show that airfares, hotel rooms and other travel prices have generally declined in recent months. If the trend continues, at least two major airline CEOs predict travelers will have fewer flights and destinations to choose from.

Frontier Airlines CEO warning

Frontier Airlines CEO Barry L. Biffle addressed the issue on the company’s most recent earnings call .

What they're saying:

"There is too much supply relative to demand," Biffle said on the call. "And unless you see a meaningful jump in demand, there’s going to continue to be reductions in capacity in this industry."

Biffle isn’t the only airline CEO sounding th

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