Originally Posted by
alvrb211
To date, deregulation is a success.
JJ
I have to agree with this statement.
Yes, a success in ending the glory days of the airline industry
I do not completely agree with this statement, however. Deregulation occurred in 1978. The airline industry (and it's associated problems) as we currently know it began around 2001 - 23 years since deregulation. During that time, many airlines were flourishing, salaries were growing, and jobs were somewhat available. Pan Am shut down in 1991, 13 years after deregulation. And there is some speculation that a large amount of politics was involved in that demise as well.
I will agree that many carriers have ceased operations since 1978. I will also submit that the regional airline system (as we know it today) is not the same "commuter" system it was prior to deregulation either. Scope, regional jets, code-sharing, and a large supply of pilots have also contributed to a drastic reshaping of the industry.
Would government regulation make things better? I don't think it would.