Deregulation's Mixed Legacy

This article discusses deregulation in the United States airline industry. With the anniversary of the 1978 Airline Deregulation Act comes reflection on the opposition-turned-relief experienced by U.S. carriers over the years, a relief that eventually turned into despair as airlines struggle to survive. With sky-rocketing fuel prices added to the legacy of deregulation, critics are beginning to suggest a more regulated structure to combat the current economic crisis. The article notes a brief history of a time when the industry was regulated under the Civil Aeronautics Authority (CAA), later changed to CAB, and the subsequent shift towards deregulation. Despite a decrease in fares, profitability has not increased. Australia is given as an example of a highly regulated airline system while still seeing fare decreases. Both the effect of poor shareholders and the increased safety in commercial flight are analyzed.

Language

  • English

Media Info

  • Media Type: Print
  • Features: Photos; Tables;
  • Pagination: pp 34-38
  • Serial:

Subject/Index Terms

Filing Info

  • Accession Number: 01114114
  • Record Type: Publication
  • Source Agency: UC Berkeley Transportation Library
  • Files: BTRIS, TRIS
  • Created Date: Aug 20 2008 4:15PM