glueball, you miss the point
if the airlines were still regulated, a "skybus" would have never flown.
then there would have been no downward pressure on legacy carriers to skimp on mx and the like.
it would be a stable industry, with stable jobs, stable profits and good service.
capitalism is just fine...when it is true capitalism.
I am of the era where the phone company, electric company, airlines, were regulated. And it all worked just fine.
Now, things are falling apart.