US Deregulation -- 2 decades later
The face of the industry has completely changed
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- Route networks
- Several Commuter airlines have developed
- Most of these operate turboprop aircraft over short-haul routes
- Traffic grown by 200%, but frequency has decreased
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- Air fares
- Lower and readily available fares
- CRS to provide easy access to fare information
- Fare elasticity higher than Quality of Service elasticity
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- Industry consolidation
- Many mergers and Takeovers