Good luck Canada Jetlines.  If prices are truly too high then another entrant like Jetlines will succeed, just like WestJet did 20 years ago.

I looked at the market cap of U.S. vs. Canada airlines and the difference is about 10:1, similar with population.  Also based on population Canada actually has more competition than the U.S., based on the number of airline companies.  I don't totally agree with your article, but good luck and let capitalism prevail.