Short answer with some caveats: yes. My opinion is AC must be able to stand on its own 2 feet, but also have some protections from its govt- within reason.
AC management are guilty of gutting the airline and transferring assets to the shareholder. So if it was ever to fail, they are to blame.
However, I also don't believe the ME carriers should be allowed unfettered "free trade" acces into every market as the forces that constitute a "balanced sheet" and profit are vastly different.
To each his own jingled. Personally, I would rather have a legacy in a western democracy with taxes than a highly paid skill in a sheikdom. I believe the overall quality of life is better.
The argument is old and easy. You or I can say anything on this forum, but the reality is AC and all the rest (LH, BA, etc) will alway exist in one way or another, and EK, EY, QR will always be regulated into those markets. Period.