1978
US airline deregulation
Event · Economics · United StatesThe Airline Deregulation Act ended federal control over which routes airlines could fly and what fares they could charge, and wound down the Civil Aeronautics Board. New low-cost carriers entered and average fares fell over the following decades, while some smaller cities lost direct service.
1Airline Deregulation ActLaw · 1978 · Public Law 95-504, 95th US Congress