Deregulation of Airlines

Deregulation of airlines refers to removing government controls over various aspects of the airline industry, including fares, new routes, and how airlines operate. This process was often pursued to increase competition, lower prices, and improve services. Without strict rules, airlines can set their own prices, decide which routes to serve, and enter or exit markets more freely. While deregulation can lead to more choices and lower fares for consumers, it also introduces challenges like market volatility and less regulation of safety or quality standards. Overall, it shifts more decision-making power from governments to airlines and the market.