Airline deregulation is the removal of government control over which airlines may fly a route, how many may compete on it and what fare they may charge, most closely associated with the United States' Airline Deregulation Act of 1978, which phased out the Civil Aeronautics Board's authority over fares and routes and let market entry and competition set them instead. Average US airline revenue per passenger mile fell from an inflation adjusted 33.3 cents in 1974 to 13 cents in the first half of 2010, though the same period saw eight major carriers and more than a hundred smaller ones go bankrupt as the newly competitive market shook out. This description is adapted from Wikipedia contributors under CC BY-SA 4.0; changes were made. https://creativecommons.org/licenses/by-sa/4.0/
Facts
Core ConcernRemoving government control over airline fares, routes and market entry 1 FAQs
What did the Airline Deregulation Act of 1978 actually change?
It phased out the Civil Aeronautics Board's control over US airline fares and routes, letting market competition set them instead.
Airline deregulation is the removal of government control over which airlines may fly a route, how many may compete on it and what fare they may charge. It is most closely associated with the United States Airline Deregulation Act of 1978, which phased out the Civil Aeronautics Board's authority over fares and routes and let market entry and competition set them instead. Average US airline revenue per passenger mile fell from an inflation adjusted 33.3 cents in 1974 to 13 cents in the first half of 2010, though the same period saw eight major carriers and more than a hundred smaller ones go bankrupt as the newly competitive market shook out.
Connections
Followed By
Source Wikipedia: Spoke-hub Distribution Paradigm
US domestic airline deregulation under the 1978 Airline Deregulation Act preceded, and its architects went on to help negotiate, the international open skies liberalization that followed from the late 1970s onward.
Pioneered By
Source Wikipedia: Airline Deregulation Act
Sources
1. Wikipedia: Airline Deregulation Act
WikipediaEffects section, Justice Breyer 2011 reflection
Fares have come down. Airline revenue per passenger mile has declined from an inflation-adjusted 33.3 cents in 1974, to 13 cents in the first half of 2010.
- Part Of: Aviation
- Pioneered By: Alfred E. Kahn
View the Source Wikipedia: Airline Deregulation
WikipediaLead section, first sentence
Airline deregulation is the process of removing government-imposed entry and price restrictions on airlines affecting, in particular, the carriers permitted to serve specific routes.
In Group: Airline Regulation and Airport Access Concepts, Lead sentence
Airline deregulation is the process of removing government-imposed entry and price restrictions on airlines affecting, in particular, the carriers permitted to serve specific routes.
View the Source Wikipedia: Spoke-hub Distribution Paradigm
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