This is, again, goes back to when you don't understand business and you don't understand what's happening in the marketplace. You go and you look. There was studies that were done talking about cheap carriers and markets, dropped fares by an average of 21% across the board. Southwest, by the way, did this in the 90s. They saved Americans about 68 billion over 20 years in fares. And Elizabeth Warren killed it and said, oh, I'm giving you more choice. (12:23–12:31)
CLAIM
Asserts that studies show cheap carriers dropped fares by an average of 21%.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
