It’s been a record breaking year for airlines, with the highest profits seen since the Wright brothers first took to the sky. While U.S. carriers are expected to fly 38.1 million passengers worldwide from December 18 through January 3—up three percent from a year earlier—the real key is what happens after January 1. A number of events have combined to create a buyer’s market for travelers—at least through the first quarter of 2016. Watch Peter Greenberg’s report for CBS News to learn more: