Without regulations the airlines will just put a "we reserve the right to uniterally terminate this contract with a full refund" clause in their contracts. Sta

Without regulations the airlines will just put a "we reserve the right to uniterally terminate this contract with a full refund" clause in their contracts. Status quo: offer increasingly higher flight vouchers until you hit the federally mandated rate of 400% ticket price cash rebate, capped to $1350. Without regulations: offer increasingly higher flight vouchers until you hit 100% ticket price refund cap.