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Title: Impacts of Airline Deregulation
Accession Number: 01674087
Record Type: Component
Availability: Find a library where document is available Abstract: Commercial aviation was the first transportation mode in the United States to be deregulated. In 1977, air cargo rates and services were deregulated by an act of Congress; the next year Congress passed the Airline Deregulation Act of 1978, which deregulated passenger aviation fares and services. Together, this legislation unleashed decades of upheaval and adjustments as the airline industry morphed from a protected, regulated business environment to a largely unregulated marketplace. This article looks at the arguments for deregulation, how deregulation came about, and explores the impacts of a deregulated airline industry. Initial effects included the formation of new airlines, new route systems and the introduction of variable ticket pricing. Five to ten years after the Airline Deregulation Act, impacts included carrier bankruptcies and mergers, "open skies" agreements with foreign countries, the unbundling of fees from ticket prices, and the dwindling of service at smaller airports. Long-term effects include the consolidation of airlines into a few dominant carriers, financial stability, lower fares, and aviation safety.
Language: English
Authors: Peterson, RobertPagination: pp 10-17
Publication Date: 2018-5
Serial: Media Type: Digital/other
Features: Photos; References
TRT Terms: Identifier Terms: Geographic Terms: Subject Areas: Aviation; Economics; History; Law
Files: TRIS, TRB, ATRI
Created Date: Jun 25 2018 9:45AM
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