Introduction
Airline services were historically heavily regulated, in part because of concerns about monopoly and oligopoly arising from the fact that in most cases, only a small number of airlines provided direct flights between a given "city pair".
In the U.S., the airline deregulation began in 1978. It was a part of a sweeping reduction in price and entry controls in United States transportation begun with initiatives in the Nixon Administration, carried out through the Ford and Carter Administrations, and followed up on in the Reagan Administration.
Many other countries have since deregulated their domestic markets, and a similar process has applied to airline markets within the European Union. Many international airline markets remain subject to regulation.
Read more about this topic: Airline Deregulation
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