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Airline Deregulation
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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R. and Christopher J. Sutton. "The geography of deregulation in the U.S.
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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.
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