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
Famous quotes containing the word introduction:
“Do you suppose I could buy back my introduction to you?”
—S.J. Perelman, U.S. screenwriter, Arthur Sheekman, Will Johnstone, and Norman Z. McLeod. Groucho Marx, Monkey Business, a wisecrack made to his fellow stowaway Chico Marx (1931)
“Such is oftenest the young man’s introduction to the forest, and the most original part of himself. He goes thither at first as a hunter and fisher, until at last, if he has the seeds of a better life in him, he distinguishes his proper objects, as a poet or naturalist it may be, and leaves the gun and fish-pole behind. The mass of men are still and always young in this respect.”
—Henry David Thoreau (1817–1862)
“For better or worse, stepparenting is self-conscious parenting. You’re damned if you do, and damned if you don’t.”
—Anonymous Parent. Making It as a Stepparent, by Claire Berman, introduction (1980, repr. 1986)