This topic contains a solution. Click here to go to the answer

Author Question: What caused the end of airline regulation? What will be an ideal response? (Read 76 times)

FButt

  • Hero Member
  • *****
  • Posts: 519

Question 1

If you were director of scheduling at an airline or cruise line, how would you handle seasonality?
 
  What will be an ideal response?

Question 2

What caused the end of airline regulation?
 
  What will be an ideal response?



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

apple

  • Sr. Member
  • ****
  • Posts: 352

Answer 1

Airlines and cruise lines are able to redeploy planes and ships to other markets whenever demand conditions warrant. Reducing or expanding service in various markets is a common feature within both sectors. Hotels do not have that luxury.

Answer 2

The decade of the 1970s was known as the stagflation period where the economy experienced stagnation in terms of economic growth and inflation. Inflation normally occurs when the economy grows too strongly. With prices for most objects rising, a search for scapegoats was on and regulation was pinpointed as a culprit. The connection was that regulated industries including the airlines had been allowed to pass along cost increases to consumers in the form of higher fares as a means of maintaining profitability. Thus, airlines had no incentive to control costs, especially those involving labor since they knew that they could obtain higher fares to offset such increases. Removing this connection was what deregulation accomplished.




FButt

  • Member
  • Posts: 519
Reply 2 on: Sep 11, 2019
:D TYSM


samiel-sayed

  • Member
  • Posts: 337
Reply 3 on: Yesterday
Wow, this really help

 

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

Did you know?

The effects of organophosphate poisoning are referred to by using the abbreviations “SLUD” or “SLUDGE,” It stands for: salivation, lacrimation, urination, defecation, GI upset, and emesis.

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

For a complete list of videos, visit our video library