Pros and Cons.docx - Regulation Deregulation and Reregulation Throughout history the aviation industry has been through a government regulation then was

Pros and Cons.docx - Regulation Deregulation and...

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Regulation, Deregulation, and Reregulation Throughout history, the aviation industry has been through a government regulation, then was deregulated by the government, and then reregulated back again by the government. In the midst of switching between being regulated and deregulated, the aviation industry experienced a few pros in regard to regulation, deregulation, and reregulation. With that being said, the aviation industry also encountered a few cons in regard to regulation, deregulation, and reregulation. When the aviation industry was first developing in the 1920’s, the government stepped in to regulate. More specifically, the government, “had strict control of the industry in terms of air fares, routes, and market entry of new airlines” (Wensveen 2018). Consequently, some of the cons of having government regulation were, “strict ownership control of airlines, limited to no competition on selected routes, limited markets served, limited city-pair frequency, high air fares for passengers…” (Wensveen 2018). The industry struggled to grow due to these regulations. The government made most of the major decisions that would impact the industry, regardless of what the airlines may have wanted. Although the government regulation was controlling and limiting, the regulations still had a few pros. For example, the aviation industry was stable and successful. Regulations granted,
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  • Summer '08
  • n/a
  • Avianca, Airline Deregulation Act, aviation industry, U.S. Airline Industry Regs

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