Monday, September 8, 2008

Airline Industry Deregulation

I want to share this article from USA Today, by Bill McGee. Let me know any thoughts?

With industry in crisis, experts question deregulation
Thirty years after the landmark Airline Deregulation Act went into effect, lawmakers and industry experts are no longer unanimous that deregulation was a boon for U.S. fliers. Bankruptcies, higher prices and widespread service cuts have helped spark talk of re-regulating the airline industry. "Three decades of deregulation have demonstrated that airlines have special characteristics incompatible with a completely unregulated environment," says Robert Crandall, former CEO of American Airlines. "To put things bluntly, experience has established that market forces alone cannot and will not produce a satisfactory airline industry, which clearly needs some help to solve its pricing, cost, and operating problems." USA TODAY (9/2)

No comments:

Post a Comment

Thank you with your interest!