Airline prices going up in 3, 2, 1…
As opposed to what? They have been going up like crazy since COVID anyway.
As opposed to what they’d be without these regulations.
so you're in favor of no customer protections or regulations? just let the airlines do what they want and assume that will keep prices down?
I don't think he said that there should be no consumer protections or regulations of any kind. That sort of strawmanning isn't very helpful.
Like everything else, it's a tradeoff. I don't know much about running a commercial airline, but it seems like it would be pretty complicated, with lots of ways that things could go wrong. I do understand the basic idea behind the hub-and-spoke system and why a thunderstorm in Atlanta can cause my flight from Chicago to Seattle to be delayed. And we all want planes to be safe, which means they need to be inspected before each flight. Under those circumstances, it is a fact of life that passengers will occasionally have their flights delayed or cancelled, with nobody in particular being at fault.
It's reasonable to ask who should bear the burden of that risk. Right now, it pretty much all falls on the passengers whose travel plans are disrupted. Maybe it would be better to offer refunds and have those risks pooled across consumers generally (in the form of higher prices) and investors (in the form of lower returns). I don't know, and I sort of don't care. Having to sit in an airport for a few hours, or not having wifi on your flight, are pretty much the textbook definition of a first world problem. We'll all be fine either way.
Right now, I am not sure that airlines really have the right incentives to avoid delays. I'm also not sure that they don't. Like I said, I know that managing a schedule of cross-country and international flights is probably pretty complicated, and it's not like they
want delays to happen, because they tend to snowball across the system. But maybe there's more that the airlines could do (e.g. more staffing, better equipment) and maybe this policy change nudges them in the right direction.