Airline deregulation is the process of removing governmental imposed entry and price restrictions on airlines affecting, in particular, the carriers permitted to serve specific routes. In the United States, the term usually applies to the Airline Deregulation Act of 1978. A new form of regulation has been developed to some extent to deal with problems such as the allocation of the limited number of slots available at airports.
Read more about Airline Deregulation: Introduction, Airline Deregulation in The United States, Hub and Spoke Networks, Problems and Controversy, Successful Airline Deregulation in Europe
Famous quotes containing the word airline:
“My job as a reservationist was very routine, computerized ... I had no free will. I was just part of that stupid computer.”
—Beryl Simpson, U.S. employment counselor; former airline reservationist. As quoted in Working, book 2, by Studs Terkel (1973)