3 ms·
Airline regulation set floor prices to certain routes so I’m not sure how the energy crisis resolving would have fixed that.
by refurb 2y ago
Airline regulation set floor prices to certain routes so I’m not sure how the energy crisis resolving would have fixed that.
- Retric 2y agoWhich is why I said less of an impact not zero impact. Regulators didn’t set floor prices to wildly unreasonable levels. So yes, it did modestly lower prices and service quality because airlines now competed in different ways. But we’re talking the difference in the cost of an inflight meal etc not some wildly different number. For that you needed wildly more efficient aircraft from other companies. Post regulations we also got lots of bankruptcies and bailouts which shifted costs from consumers to taxpayers.