Opinion: Deregulation shook up airlines' status quo

04/16/2012 | Washington Post, The

The tribulations facing legacy airlines stem partly from deregulation in 1978, which resulted in the proliferation of budget carriers into the global market, George F. Will writes. The aggressive pricing strategies these carriers touted led to a gradual dip in airfares over the years, increased availability of air travel to the mass market and, eventually, bankruptcy for airlines that were unable to adapt to the competition.

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