Since the United States deregulated its airline industry with the Airline Deregulation Act of 1978, the international air transport industry has been on a path toward market liberalization. Market changes have included entry, capacity, and pricing freedom as well as increased levels of foreign ownership. The recent terrorist acts of September 11, 2001 have the potential to alter, if not reverse this course. This paper examines the forces fueling the trend toward liberalization and analyzes the impact of recent events on the future prospects of open aviation markets.
Rhoades, Dawna L. (2002). Liberalization of international air transportation markets: the effect of terrorism on market trends. Journal of Transportation Management, 13(2), 45-58. doi: 10.22237/jotm/1030838700