US एयरलाइन नियंत्रण मुक्ति

Before deregulation, the Civil Aeronautics Board controlled which airlines could fly which routes and what fares they could charge. Deregulation led to the rise of low-cost carriers, hub-and-spoke networks, and frequent flyer programs. Average airfares dropped significantly in real terms over the following decades. Many legacy airlines went bankrupt or merged, but passenger numbers soared.