Earlier quoted context omitted.
Are you asking for highly regulated products and services that aren't terrible? If so, automobile manufacturing is highly regulated, as is banking. Plenty of competition exists. In both, I have a very granular range of choices at different price points, and have no trouble finding ones I am happy with. Airlines generally have two tiers of service, and business/first does nothing for large parts of what makes the expe…
In this case, the service being offered by the airline is the booking itself. Your manufacturing analogy isn't appropriate, since they have to meet a minimum standard of safety for the product being sold. It is regulated heavily, because it deals with the potential loss of human life. What's more reliable - a flight that departs on time every time or the aircraft that performs the flight? (In case it isn't obvious, i…
Cars can be safe, but still crappy. Only part of their function is regulated.
Similar for banks. My bank provides great online functionality, friendly service, and more they aren't obligated to do.