Earlier quoted context omitted.
I'm not saying they are doing anything right or wrong but they are probably a profitable company who could have theoretically spared to absorb some (or all) of it without passing it through to their customers Instead, they are passing it on 100%.
Why should namecheap subsidize the cost? That makes 0 sense and I say it as a namecheap customer. I don't see how its fair for them to cover the cost and I don't want them to do so because I am a happy customer and don't want them to go out of business or lower their product quality.
Why are they entitled to have their profit margins protected no matter what?
https://en.wikipedia.org/wiki/Wage-price_spiral
https://en.wikipedia.org/wiki/Hyperinflation
Certain businesses get made obsolete over time. Namecheap decided to pass along 100% of the cost, what if their competitor passes along 50%?