2018 marks the 40th anniversary of the Airline Deregulation Act, which removed U.S. federal government control over fares, routes, and market entry of new airlines. This act led to lower fares, the creation of new airlines and the collapse of established ones, adoption of new aircraft, and radical changes in routes and service. What were the successes and challenges that came from this Act, and what challenges remain today?
On October 30, Brookings Center on Regulation and Markets convened an event to explore the current state of airline industry regulation and competition. MIT Economics professor Nancy Rose introduced the event, and a panel of experts then discuss the history of deregulation and the changes that followed. Former Delta and northwest CEO and current Amtrak CEO Richard Anderson gave a keynote address highlighting positive changes in the industry post deregulation and examining regulatory issues in the industry, and engaged in a conversation with Brookings Guest Scholar Joshua Gotbaum. Event participants took questions from the audience.