• One of the main reasons for the government's decision to not cap airfares is the impact it could have on the aviation industry. The industry has already been hit hard by the COVID-19 pandemic, and implementing a cap could further hurt its recovery.
• Another reason is the potential negative impact on airline passengers. Capping airfares could lead to reduced competition among airlines, resulting in higher prices overall. It could also discourage the development of new airline routes, especially to less popular destinations.
• There are also concerns that capping airfares could lead to a decrease in the quality of service provided by airlines. If airlines are not able to charge prices that allow them to cover their costs, they may have to cut corners in areas such as maintenance and safety.
• Lastly, the government has noted that market forces should be allowed to determine airfares. This allows airlines to offer competitive fares and incentivizes them to improve their services to attract customers.

Overall, it seems that the government has decided against capping airfares due to concerns about the impact on the aviation industry and passengers, as well as a preference for market-based solutions.