Published at Tuesday, April 02nd, 2019 - 11:52:04 AM. Type of airline. By Amalasand Horn.
The advent of advanced computerized reservations systems in the late 1970s most notably Sabre allowed airlines to easily perform cost-benefit analyses on different pricing structures leading to almost perfect price discrimination in some cases (that is filling each seat on an aircraft at the highest price that can be charged without driving the consumer elsewhere).
Ultimately the federal government provided $4.6 billion in one-time subject-to-income-tax cash payments to 427 U.S. air carriers with no provision for repayment essentially a gift from the taxpayers. (Passenger carriers operating scheduled service received approximately $4 billion subject to tax.) 48 In addition the ATSB approved loan guarantees to six airlines totaling approximately $1.6 billion. Data from the U.S. Treasury Department show that the government recouped the $1.6 billion and a profit of $339 million from the fees interest and purchase of discounted airline stock associated with loan guarantees.
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