wheelsup
Well-Known Member
That was exactly what Robert Crandall and others said in 1978 to try to stop airline deregulation. Crandall believed deregulation would ruin the industry and that free market principles couldn't be applied to what is essentially a public utility.
While it may have hurt the companies pocket books deregulation has whole heartily been good for the population. Lots more flights for lots less money and its safer than ever.
I wouldn't compare an airline to a public utility. Utilities take billions to get started, and decades to develop a new power plant or water system. Airlines? Get a few VC's together and bodda bing bodda boom you've got yourself a [skybus, jetblue, virgin america, etc).