It happens in every area, not just planes - self-driving Google cars, robots manufacturing Macbooks in US, 3d printers building houses etc.
The good part is everything will be cheap(er), from transport to entertainment, even housing.
The bad part is a lot of 'average' people - taxi drivers, accountants, even lawyers will lose their jobs.
And if we change nothing, the money is going to capital owners, not the people that lost those jobs.
So it will be cheaper from today's perspective, but not more affordable to all those people who lost their menial jobs, as they will no longer have the jobs and no disposable income either. This is not only bad for them, but bad for the whole economy.