Air Travel Deregulation

Air travel deregulation refers to the process that began in the late 1970s in the United States, removing government control over fares, routes, and airline competition. Prior to deregulation, the government tightly controlled the airline industry, limiting competition and often resulting in higher prices. Deregulation allowed airlines to set their own prices and routes, leading to increased competition, more flight options, and generally lower fares for consumers. However, it also resulted in challenges such as airline bankruptcies and consolidation, changing the landscape of air travel significantly.