Published at Tuesday, April 02nd, 2019 - 08:02:56 AM. Type of airline. By Ailse Hahn.
In many ways the biggest winner in the deregulated environment was the air passenger. Although not exclusively attributable to deregulation indeed the U.S. witnessed an explosive growth in demand for air travel. Many millions who had never or rarely flown before became regular fliers even joining frequent flyer loyalty programs and receiving free flights and other benefits from their flying. New services and higher frequencies meant that business fliers could fly to another city do business and return the same day from almost any point in the country. Air travel s advantages put long distance intercity railroad travel and bus lines under pressure with most of the latter having withered away whilst the former is still protected under nationalization through the continuing existence of Amtrak.
Groups such as the International Civil Aviation Organization establish worldwide standards for safety and other vital concerns. Most international air traffic is regulated by bilateral agreements between countries which designate specific carriers to operate on specific routes. The model of such an agreement was the Bermuda Agreement between the US and UK following World War II which designated airports to be used for transatlantic flights and gave each government the authority to nominate carriers to operate routes.
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