Foreword
From 1938 until 1978, commercial aviation was controlled by the U.S. Civil Aeronautics Board (CAB), which regulated airline routes, authorized entry into and out of the market, and set service rates. But when the steady rise in air travel strained the ability of Federal regulators to cope with the increasingly complex industry, Congress passed the Airline Deregulation Act of 1978, phasing out the CAB, introducing fare and route competition, and permitting unrestricted entry into the marketplace by new domestic carriers.Airline deregulation gave birth to the concepts of airport hubs and frequent flyer miles and led to the creation of scores…
