Airlines were among the first of the major infrastructure industries to be deregulated, with the promulgation of the Airline Deregulation Act of 1978. In that legislation, Congress took the unprecedented step of sunsetting a major regulatory agency - the Civil Aeronautics Board, which had been...

US Airlines were deregulated in 1978. Although economic regulation was criticized for having produced poor financial results for the airline industry, the industry's financial performance has grown profoundly worse since deregulation. Deregulation is credited with having saved consumers billions...