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Pages:
1 page/β275 words
Sources:
2 Sources
Style:
APA
Subject:
Management
Type:
Essay
Language:
English (U.S.)
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MS Word
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Total cost:
$ 4.86
Topic:
Historical Perspective Management Essay Research Paper
Essay Instructions:
1. Was deregulation a boom or doom for the U.S. airline industry (or later in Europe)? Why do you think so?
2. What do you predict for the future of global air transportation?
Essay Sample Content Preview:
Impact of Deregulation to the United States’ Airline Industry
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Impact of Deregulation to the United States’ Airline Industry
Although deregulation yielded substantial liberalization of the economy, the transformation affected the airline industry negatively. First, the institution of strict regulations requires massive adjustments at the end of different transitional periods (Smith & Cox, 2019). In this case, the industry cannot keep stable or consistent working schedules since they have to work as per the laid requirements. The monopolies in the industry faced a period of financial and economic crisis after the entry of other firms in the industry (Mattos, 2016). The creation of a competitive market hindered the attainment of higher returns due to the reduction of costs since travelling individuals had various options to choose from in the industry (Smith & Cox, 2019). For instance, the dominant airlines entered a phase of increasing salaries for their workers and layup of some rules after deregulation, an incidence that could not happen in a monopoly market.
The economic health of the i...
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