The US airline industry has been taken as an in-depth case study. This thought-provoking book chronicles the evolution of the airline industry and explains what lies ahead for airlines across the globe. The authors present compelling evidence on how the paradigm shift that is taking place in the airline industry is linked to the big-bang approach to deregulation.
There are lessons to be learned from the US as Europe and Asia undergo the (airline) deregulation experience from a public policy as well as a corporate perspective. Deregulation and Competition: Lessons from the Airline Industry also addresses the crucial question of what will happen to the airlines that are in turmoil. In addition to the comprehensive analysis of the airline industry's evolution, the authors draw from extant ...
Chapter Fourteen: Recommendations for Successful Airline Deregulation
Recommendations for Successful Airline Deregulation
So what have we learned after decades of airline deregulation in the US and Europe, and more recently from India and other Asian countries? Is there a right way to deregulate? Is it possible to glean recommendations for the best way to implement the deregulation process? Here are some recommendations for policy makers, new entrants, incumbents, and suppliers that will provide a smooth transition, ultimately result in an ordered field of competition and provide benefit for air transportation consumers.
Recommendations for Policy Makers
The experiences of USA and India have clearly shown that a rapid, or “big bang,” approach to deregulation is not a good model to follow. For the incumbent airlines, it is not reasonable to expect ...