Published at Sunday, March 31st, 2019 - 15:16:14 PM. Type of airline. By Ailse Hahn.
The regulation itself traces its origin to 1938 when Congress adopted the Civil Aeronautics Act. Its resultant five-member Civil Aeronautics Board (CAB) formed two years later in 1940 regulated fares authorized routes awarded subsidies and approved interline agreements among other functions.
The extent of these pricing phenomena is strongest in legacy carriers. In contrast low fare carriers usually offer pre-announced and simplified price structure and sometimes quote prices for each leg of a trip separately.
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