Passengers and government alike increasingly decried regulation during the mid-1970s citing the examples set by Air California PSA Southwest and other intrastate airlines as demonstrable proof that deregulation could produce mutual airline- and passenger-benefit. At least that was the theory.
Increasingly since 1978 US airlines have been reincorporated and spun off by newly created and internally led management companies and thus becoming nothing more than operating units and subsidiaries with limited financially decisive control. Among some of these holding companies and parent companies which are relatively well known
Air California and PSA Pacific Southwest Airlines for example operating in the Los Angeles-San Francisco market saw yearly traffic figures increase from 1.5 million passengers in 1960 to 3.2 million in 1965. Texas-based Southwest Airlines similarly provided low-fare service between Dallas and Houston and other Texas points.
The options facing those charged with responsibility for guaranteeing the general flying population that they can fly without fear of terrorism is either to fix the problems in the existing system or create a new security strategy.
A second financial issue is that of hedging oil and fuel purchases which are usually second only to labor in its relative cost to the company. However with the current high fuel prices it has become the largest cost to an airline. Legacy airlines compared with new
If a particular city has two or more airports market forces will tend to attract the less profitable routes or those on which competition is weakest to the less congested airport where slots are likely to be more available and therefore cheaper. For example Reagan
In view of the congestion apparent at many international airports the ownership of slots at certain airports (the right to take-off or land an aircraft at a particular time of day or night) has become a significant tradable asset for many airlines. Clearly take-off slots at popular times of
By the 1980s almost half of the total flying in the world took place in the U.S. and today the domestic industry operates over 10 000 daily departures nationwide.
Bilateral agreements are based on the freedoms of the air a group of generalized traffic rights ranging from the freedom to overfly a country to the freedom to provide domestic flights within a country (a very rarely granted right known as cabotage). Most agreements permit airlines to
Congress passed the Air Transportation Safety and System Stabilization Act (P.L. 107-42) in response to a severe liquidity crisis facing the already-troubled airline industry in the aftermath of the September 11th terrorist attacks. Through the ATSB Congress sought to provide cash infusions to carriers for both the cost of the
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