I suppose we’ve just given up on the concept of trying to do anything but nakedly extract profit at any cost. You’d think shareholders would be pro-competition in the end, though—I certainly would prefer that.
Edit: I mean short-term profits. As a shareholder I would prefer long-term profits via competition and diversification.
What the actual F? Deregulation of airlines was massively beneficial to consumers.
"Base ticket prices have declined steadily since deregulation.[15] The inflation-adjusted 1982 constant dollar yield for airlines has fallen from 12.3 cents in 1978 to 7.9 cents in 1997,[16] and the inflation-adjusted real price of flying fell 44.9% from 1978 to 2011.[17] Along with a rising U.S. population[18] and the increasing demand of workforce mobility, these trends were some of the catalysts for dramatic expansion in passenger miles flown, increasing from 250 million passenger miles in 1978 to 750 million passenger miles in 2005.[19]"