But among the publicans I spoke to, one factor dominated conversations: the structure of the industry.
Such an approach to car-making has the potential to overhaul the structure of the industry.
Despite rising costs and fares, the structure of the industry was never fundamentally questioned.
But the structure of the industry supplying credit and other charge cards faces unprecedented scrutiny.
And that, in turn, is changing the structure of the industry.
The outcome of the sale will determine the future structure of the industry.
"That's a pretty substantial change in the structure of the industry," he said.
Some executives say concerns about the structure of the industry are overblown.
"Given the scale of the perceived problems, the remedies are not going to significantly change the structure of the industry.
Breaking up banks The CMA concluded there was insufficient evidence that the current structure of the industry was hurting competition.
DAVID DENBY: It was a mediocre year, but given the structure of the industry, no worse than other recent years.
