If I was an airline CEO I would eliminate 50% of our flights and sell all the seats on the remaining ones through an auction process. All tickets would be guaranteed, and no flights would be overbooked.
My goal would be to eliminate most discretionary travelers and only serve passengers who really need to fly.
That would be a step in the right direction if you want to end up with a system favored by tbe glowbullists.
And, tourism to Hawaii would be hit hard.