The tale of the scrimping airlines gets curiouser and curiouser. And shiftier and shiftier. Continental has announced that it will reduce the maximum size of its passengers' carry-on bags by a full six inches.

That's right. As of November 1, if you try to tote a bag measuring more than a total of 51 inches, by the rights the airline can turn you around and force you to pay to check it. The new rule says that domestic carry-ons can't measure more than 45 inches.

Gee, Continental, this stricter rule wouldn't have anything to do with the fact that as of October 7, you now charge $15 for the first checked bag and $25 for the second, would it? After all, there are lots of people whose bags fit in the overhead bin just fine today, but as of the Thanksgiving flight rush, could potentially be forced to shell out for them. You wouldn't be taking advantage of consumers, would you? You won't take these new rules as an opportunity for the extra-charge police to stop passengers with a poorly timed gotcha, right?

Hedging fuel costs sounds confusing, but it's nothing new. Some airlines, like the budget model Southwest, have managed to claim a profit in no small part because their masters were clever enough to buy most of its fuel when it was still sensibly priced. That can work out really well if gas prices go up, because those smart airlines will still be paying an older, lower price. Some experts think Southwest has saved $3.5 billion by doing this since the late '90s.

United Airlines, which has a management as sharp as a box of hammers and aging seating about as soft, thought it could imitate Southwest by getting into the hedging game, too. But, whoops! Timing is everything. It got in way too late, as the market prepared to peak. Prices went down. And right now it's paying almost $13 more a barrel than oil is actually worth, which could rack up as much as $544 million in boneheaded, unnecessary losses.

It's a lot like the guy down the street who bought his house a year ago for $400,000, only to find in this self-correcting market that it's now worth about $250,000, which everyone in the neighborhood knew was a more realistic price all along. He intended to flip it, but now he's got to live in it. Of course, if gas prices go back up a bit, United's loss may be mitigated slightly.

What happens in Vegas may stay there, but these days, the problem is how to get there in the first place.

McCarran Airport, Vegas' major entry point, reported its biggest year-on-year drop since after 9/11. And Southwest Airlines, the rare profitable airline which recently said it wouldn't need to tighten its flight schedule, reversed course and said 13 flights, or about 5% of its Las Vegas seats, would be eliminated starting in January. Considering Southwest is one of the most reliable feeder of tourist traffic to the Strip, that's quite a blow.

To further put it in perspective, as of Sept. 2, Vegas had 81 flights from U.S. Airways daily. A year ago, it had 141.

The pain, though, is mostly for hoteliers and airlines. Tourists are starting to see a real benefit to the growing malaise. On Tuesday, Arthur Frommer wrote about seeing an ad for a two-night Planet Hollywood package for $149 per person that came with either $100 back or two free show tickets. When he called to book, he told the receptionist it was still too expensive. And just like that, he was offered the same deal for two people at $249 total. That's desperation.

Earlier this summer, casinos were low-balling tourists with archaic rates like $33 to $55 a room. Even now, prices on the Strip are sliding southward (the Sahara for $24, the Tropicana, $46, both quoted through a Hotels.com promotion) and rooms off the Strip are so low (like $20 at the Plaza Hotel off Fremont Street), they're virtually tragic.

An article in today's Online Media Daily has given me a great idea. The article reported on Southwest Airline's sponsorship of the Midnight Gaming Championship 2008 video gaming season, part of its effort to market flights and online tools to the target demographic of 16-25-year-olds.

I'd like to see them run with this idea of combining flying and gaming. In my fantasy, as I wait in line for my cavity search, a Southwest attendant hands me a hand-held gaming console that is networked with all the other people on my flight. We all then start playing a MMPORG (massive multiplayer online role-playing game) such as World of Warcraft, continuing it in the boarding area and on the plane. This would SO take the drudgery out of flying!

Better yet, at certain points in the game, whoever is in the lead could be escorted up to a seat of honor in first class as a reward. On arrival, winning passengers could be allowed to exit first.

While over Arizona, players could wager on the outcome. It would also be exceptionally amusing if, say, the passengers on the Southwest flight could play against passengers on a Delta flight to the same destination, the winners getting to land and disembark first.

Or, we could continue to stare at one another with despair, and look to our Blackberries for camaraderie. Which would you prefer?