competition among large countries (US/EU) to negotiate preferential arrangements with smaller countries or regions will lower …

U.S. airlines have lost nearly $60 billion (2009 dollars) in domestic markets since deregulation, most of it in the … that challenges the economics of deregulation. I examine some of the most common explanations among industry participants …, analysts, and researchers -- including high taxes and fuel costs, weak demand, and competition from lower-cost airlines …

have occurred in pricing, service, and competition in the 28 years since deregulation. We then examine some of the major … public policy issues facing the industry: (a) the sustainability of competition and volatility of airline profits, (b …