> The price war should be won by the airline that can most efficiently manage resources and adapt different business models to provide stable service with fewer

> The price war should be won by the airline that can most efficiently manage resources and adapt different business models to provide stable service with fewer inputs. And then what? Is that not a monopoly? I know the classic response to this is newcomers will come up with lower prices, but what if there's economy of scale, and newcomers just can't compete?