When the Civil Aeronautics Board (CAB) decided in 1978 that airline regulation was a bad thing and stripped pretty much all goverment regulations on fares and service, it was touted as the be-all, end-all to "save" the aviation industry.
The theory, not unlike most deregulation arguements, is that the increased competition would drive down fares and economic pressures would force airlines to provide better service to compete in the open market. And like most degregulation policies, that ideal has proven to be unattainable, due to the seemingly unquenchable corporate greed so cultivated in the American business culture.
So far as I can tell, fares have dropped, no doubt. So that part worked. But what else has fallen by the wayside in the name of corporate profits? Pay for pilots, mechanics, and flight attendants has fallen, service has certainly declined (when was the last time you got a free meal on a domestic flight?), and, most troubling, smaller markets have seen the number of service providers plummet.
With yesterday's announcement of
Independence Air's Chapter 11 filing, many small cities, like Charleston, WV, where I fly often, will be left with few options and higher prices. Large cities will avoid this problem, but New York, L.A., and Chicago aren't the only places people want to fly in this country.
Poor Flyi, we barely knew ye.
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