One of the policy approaches that's been suggested by some experts in this field is that the government should establish a pricing floor both for low-cost carriers and for larger airlines that are seeking to compete with them. That then would provide some breathing room, so that you don't get this sort of race to the bottom followed by the exit of certain airlines and the prices going back up. What do you think of this regulatory approach?
On May 2nd, 2024. See this statement in context.