What everyone has stated in very much true, about the current airline situation.
My concern would be some Congressperson stepping in.
Since about 1980, we've had deregulated airline travel. We could be heading for regulated airline travel.
Deregulation has been wonderful for the consumer (cheap fares, many new routes, and new benefits all around).
I don't think regulations would solve the problem, but it would eliminate a lot of competition, and make it more expensive, and difficult for the consumer.
Let the fun begin.