It just seems that there is more at work with Song than cancelling flights for a lack of paying travellers. My orginal flight was almost full, as was the later flight everyone got bumped to. I fail to see how it is more economical to overbook a flight by 80-90% and then be forced to create an entire day of flights with people giving up seats, getting bumped, and finding flights on other airlines for passengers that paid low fares. The airlines moan about people not flying, but here we have them cancelling almost full flights, with 4 months left to sell 10-15 seats.
If they think they have overestimated the number of passengers per day and need to cut back some flights, fine; that's their business. But suckering people in with "low fares" and then wasting our time, the gate attendants time, the reservation people's time trying to make the best of what seems to be an impossible situation, that's bad business.
In my own case, I was watching the later flights to see what availibilty they had, in case we needed to use a later flight (my mother in law is NOT the most timely person). All the flights on that day were almost sold out, and at a very high price. If every person from the early flight still wants to travel on that Saturday on Song, there will be a HUGE overbooking problem.
The company does have a resposiblity once it has sold a ticket; it is a contract. If you decided not to go for any arbitrary reason, they don't give you your money back, you're out of luck. If you decide the day before it's not "economically feasable" for you to go on vacation, they don't give you your money back. But if the airline suddenly decides to cancel a flight, they don't even bother giving a reason, they just cancel it, don't bother letting the passengers booked on that flight know, and without telling you move you to a flight knowingly causing problems with that flight.
They may be able to get passengers on one flight that way, but they are making sure they won't get any repeat passengers that way.
The airlines were all loosing money before Sept. 11, 2001; that just made their problem worse, and gave them an excuse to make some big changes that should have put them back towards solvency; big government payouts, unions caving on demands to lessen airlines expenses, cutting back on the number of flights and routes travelled.