Following a brief review of the U.S. domestic airline industry under regulation (1938-1978), we study the changes that … 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 …

U.S. airlines have lost nearly $60 billion (2009 dollars) in domestic markets since deregulation, most of it in the … last decade. More than 30 years after domestic airline markets were deregulated, the dismal financial record is a puzzle … that challenges the economics of deregulation. I examine some of the most common explanations among industry participants …

This papers analyzes dispersion in the prices that an airline charges to different customers on the same route. Such … variation in airlines fares is substantial: the expected absolute difference in fares between two of an airline's passengers on … a route averages thirty-six percent of the airline's average ticket price on the route. The pattern of price dispersion …

Airline transport generates a growing share of global greenhouse gas emissions but as of late 2016, this sector has not … faced U.S. fuel economy or emissions regulation. At any point in time, airlines own and lease a set of durable vehicles and … have invested in human and physical capital and an inventory of parts to maintain these vehicles. Each airline chooses …

We estimate a model of service choice and price competition in airline markets, allowing for the carriers that provide …

. The turmoil in the U.S. airline industry has triggered much of the public policy discussion, as some observers have argued … and their rivals. The data suggest that an airline's prices typically decline somewhat before it files for bankruptcy … bankrupt airline lower their prices, however, nor that they lose passengers to their bankrupt rival. These results indicate …

The airline industry's current financial crisis has raised concerns over the ramifications of airline bankruptcies for … air service offered, not the number of flights offered by a particular airline. We study all major U.S. airline … recognizing that competing airlines may increase service in response to a reduction in flights by a bankrupt airline. We do not …

This paper describes the effects of deregulation on negotiated wage rates and employment levels of aircraft mechanics … in the scheduled airline industry. Firm-specific data for the incumbent trunk airlines show relatively small changes in … real wage rates since deregulation,and only recent increases in interfirm wage differentials. Employment growth rates, on …

This paper uses a variety of data sources to study the effect of deregulation on the structure of wages in the airline … industry. Microdata from the 1980 and 1990 Censuses show a 10 percent decline in the relative earnings of airline workers after … deregulation, with roughly similar declines for industry-specific occupations (pilots and flight attendants) and general …