Agreed except for the part about ultra-regulation. Government provides substantial subsidies to rural areas that enables more access, not less. Government also subsidizes the aerospace industry through defense spending. Government also facilitates airports in construction, maintenance, and operation. If anything the airline industry has benefited from government intrusion overall and can benefit it from here as well. We can put forth guidance and/or regulations that restrict such practices or redefine overbooked rules to sell tickets sold beyond capacity specifically as overbooked (those few tickets are the ones not guaranteed), perhaps make an exchange where desperate passengers can exchange tickets with ones who can afford the risk. Personally, I’d prefer government to provide incentives for businesses to adopt more passenger rights rather than just mandate them.