Airline Deregulation and Its Effects The 1978 Airline Deregulation Act deeply affected the air transportation industry. Fares established by the Civil Aeronautics Board (CAB) based on a uniform rate-of-return regulation prior to deregulation became subject only to market forces. Firms facing bankruptcy were no longer automatically rescued with inflows of federal money. Certificates of convenience and necessity previously required to open new routes were no longer needed. Finally, airlines dissatisfied with some of their less traveled …
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showed last 75 words of 2668 total
…R. and Christopher J. Sutton. "The geography of deregulation in the U.S. airline industry." The Annals of the Association of American Geographers, June 1997 v87 n2 p 238-262. Spencer, Peter. "Low-fare air safety. (safety records of budget airlines)." Consumers' Research Magazine, July 1997 v80 n7 p43-8. Walker, Karen. "Bespoke fortunes." Airline Business, Jan 1997 v13 n1 pp 32-5. Winston, Clifford. "Economic Deregulation: Days of Reckoning for Macroeconomists." Journal of Economic Literature, Vol. 31, No. 3. (Sep., 1993), pp. 1263-1289.