Published at Tuesday, April 02nd, 2019 - 16:37:32 PM. Type of airline. By Anson Busch.
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.
In recognition of the essential national economic role of a healthy aviation system Congress authorized partial compensation of up to $5 billion in cash subject to review by the U.S. Department of Transportation and up to $10 billion in loan guarantees subject to review by a newly created Air Transportation Stabilization Board (ATSB). The applications to DOT for reimbursements were subjected to rigorous multi-year reviews not only by DOT program personnel but also by the Government Accountability Office 45 and the DOT Inspector General. 46 47
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