Timeline of US Airline Merger History

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According to the article, “Timeline of US Airline Merger History,” in 1978, the government passed the Airline Deregulation Act, which phased out the Civil Aeronautics Board’s authority over pricing, routes, mergers, and interline agreements, and shifted that control to the airlines. More than 30 years later the effects are still being felt by airlines and air travelers. In the years that have passed, a number of airlines bought out or merged with smaller or struggling carriers. In more recent years, major carriers have started to merge, creating the largest airlines in the world. Those airlines have started cutting capacity, flights, cities, and routes — and in the process raised fares. What impact has this had on the industry and airline profitability?

Reference no: EM132181112

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