Not a poplular answer, but any time government intervenes (or controls from the beginning ala post contracts) an industry it will never be a healthy industry.
The Free Market (not the current crony capitalism) has never been allowed to operate in the airline industry. It has always been subsadized/legislated.
The question is not "who ruined it", it was never good to begin with.
"clink, clink"-That was me closing the blast door for the gauranteed assault.....