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Essay Galaxy - Deregulation of the Airline Industry
Deregulation of the Airline Industry
The airline industry has been subject of intense price competition since
it was deregulated, and the result has been a number of new carriers which
specialize in regional service and no-frills operations. These carriers
typically purchase older aircraft and often operate outside the industry-wide
computerized reservations system. In exchange for these inconveniences,
passengers receive low fares relative to the industry as a whole. This research
examines two low fare air carriers, ValuJet and Southwest Airlines. By
investigating these air carriers, we can better understand the economic impacts
of price versus service in the airline industry as a whole, as well as, the
impacts on passenger and investor confidence.
Until 1978, air transp....
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Number Of Pages: 6 |
Number Of Words: 1629 |
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