Aviation Jobs Homepage

Airline Deregulation 1978

by Pat 8. November 2011 07:44

Today's airline industry is radically different from what it was prior to 1978. At that time, the industry resembled a public utility, with a government agency, the Civil Aeronautics Board &#40CAB&#41, determining the routes each airline flew and overseeing the prices they charged. Today, it is a market-driven industry, with customer demand determining the levels of service and price.

The turning point was the Airline Deregulation Act, approved by Congress on October 24, 1978 and signed into law four days later by President Jimmy Carter. Pressure for airline deregulation had been building for many years, particularly among economists who pointed out, in numerous studies, that unregulated intrastate airfares were substantially lower than fares for interstate flights of comparable distances. However, it was a series of developments in the mid-1970s that intensified the pressure and brought the issue to a head. more>>

Tags: ,

Aviation History

Comments

Powered by BlogEngine.NET 2.7.0.0
Theme by Mads Kristensen

Announcements Get Hired FASTER!

Avjobs Applicant Discount Programs
Register for an applicant subscription, send in your documentation and receive up to twelve (12) months of free service on us!

Check out or discounted services and 6 month guarantee.

Avjobs Applicant Discount Programs

Aviation Ad Network Aviation Ad Network

Follow us on Twitter Recent Tweets

Note: For Customization and Configuration, CheckOut Recent Tweets Documentation

Recent CommentsRecent Comments

None

Additional Resources Resources