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Questions and Answers
What was the primary goal of the Airline Deregulation Act of 1978?
What happened to the number of flights after the Airline Deregulation Act?
What was the fate of the Civil Aeronautics Board's powers of regulation?
What happened to fares after the Airline Deregulation Act?
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What was NOT affected by the Airline Deregulation Act?
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What was a major objective of the Airline Deregulation Act?
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What was a consequence of the Airline Deregulation Act?
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What was a goal of the Airline Deregulation Act?
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What was discouraged by the Airline Deregulation Act?
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What was encouraged by the Airline Deregulation Act?
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Study Notes
Airline Deregulation Act of 1978
- A 1978 United States federal law that deregulated the airline industry in the United States
- Removed U.S. Federal Government control over fares, routes, and market entry of new airlines
- Introduced a free market in the commercial airline industry
- Led to a great increase in: • Number of flights • Number of passengers • Miles flown
- Resulted in a decrease in fares
Regulation
- Phased out the Civil Aeronautics Board's powers of regulation
- Did not diminish the regulatory powers of the Federal Aviation Administration (FAA) over aviation safety
Goals of the Airline Deregulation Act
- The main priority in air commerce is to maintain safety.
- The Act relies on competition to provide air transportation services.
- It aims to promote air service at major urban areas through secondary or satellite airports.
- The Act seeks to prevent unreasonable industry concentration, which could lead to:
- Unreasonably high prices
- Reduced services
- Exclusion of competition
- It encourages new air carriers to enter air transportation markets.
- The Act promotes existing air carriers to enter additional markets.
- It aims to strengthen small air carriers.
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Description
Learn about the 1978 US federal law that deregulated the airline industry, introducing a free market and changing the industry's dynamics.
