There is quite a bit of truth to the thing.

We do have two airlines. However competition between them only occurs in the market segments in which WS is active.

When looking at the market in which most FFs live, i.e. including international travel, business class, etc., there has not been much competition since the demise of CP.

One hears that argument whereby "Canada is too small for two airlines." With no real justification as to why size has to do with anything. Except of course for the fact that it's harder to make money if there is *real* competition.

Remember that Adam Smith's invisible hand would serve customers by having competitors having to lower prices to the point whereby they would (nearly) all end up in bankruptcy. With new entries making up for dead ones.

(Nowhere near today's oligopolies which hide under the false mantra of "free" markets that are anything but free.)