Industries that provide such crucial service cannot be left to regulate themselves with respect to pax compensation and minimum standards of service when it comes to IRROPS. History proves that it is not long before other carriers follow suit and it becomes a race to the bottom. I am not going to hypothesise what it may or may not lead to, but airlines will always compete on price. Airlines will always try to do something on the cheap in order to make more profit, so having legislation imposing minimum compensation and duty of care requirements would provide that safety net for pax that they deserve.