Airline Deregulation Act

The Airline Deregulation Act of 1978 was a significant U.S. law that removed government control over many aspects of commercial aviation. Before this act, the government regulated fares, routes, and airline entry into the market. The deregulation aimed to encourage competition among airlines, reduce ticket prices, and increase service options for consumers. As a result, new airlines entered the market, leading to more flights and lower prices, although it also resulted in some consolidation among airlines and challenges for smaller carriers. Overall, it transformed the airline industry into a more competitive marketplace.