> I'd also dispute that "the cheapest flight always wins", otherwise every flight would be run by a low-cost carrier. For many popular routes the low-cost carr

> I'd also dispute that "the cheapest flight always wins", otherwise every flight would be run by a low-cost carrier. For many popular routes the low-cost carriers would love to participate but can't, as there are no slots available. The incumbents get a major advantage for the fact they've been there long enough. https://en.m.wikipedia.org/wiki/Landing_slot https://en.m.wikipedia.org/wiki/Landing_slot