Costs fell markedly from 1930 -- 1970. Far less so since.
It's popular to point to how much airline ticket prices have fallen since dregulation (under Democratic president Carter) in 1979, without also noting that 1979 was a local price peak driven by the Iranian oil embargo of the same year.
Safety has increased, of course. That's largely been a continuous function from the first days of flight ... with a curious exception in the first decade of the 2000s, where passenger deaths/mile fell markedly. (Also in Gordon's book.)