H‌‍‍‍‌‍‍‌‌‍‍‍‌‍‍‍‍‌‍‍ow has the low-cost model transformed the airline industry?

H‌‍‍‍‌‍‍‌‌‍‍‍‌‍‍‍‍‌‍‍ow has the low-cost model transformed the airline industry? Discuss the capacity issues and the cyclical nature of the industry? How would you define the nature of competition in the airline industry? Should the government continue to interv‌‍‍‍‌‍‍‌‌‍‍‍‌‍‍‍‍‌‍‍ene to further regulate the industry in the United States? Should the government continue to bailout the industry? Why? Discuss the challenges and opportunities that the COVID-19 pandemic creates for the various stakeholders (defined broadly)‌‍‍‍‌‍‍‌‌‍‍‍‌‍‍‍‍‌‍‍.

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