Deregulation

By the Federal law enacted in 1978, the elimination of the CAB and governmental regulation of the airlines and other suppliers with regard to routes, fares and other specifics. This is the term used to describe the broad process that progressed over many years resulting in: (1) elimination of the requirement that domestic carriers must file and have approved by a U.S.

By the Federal law enacted in 1978, the elimination of the CAB and governmental regulation of the airlines and other suppliers with regard to routes, fares and other specifics. This is the term used to describe the broad process that progressed over many years resulting in: (1) elimination of the requirement that domestic carriers must file and have approved by a U.S. governmental agency (the CAB) their tariffs (fares charged); (2) loosening of the requirements by which carriers may choose to fly domestic routes; and (3) elimination of the carriers’ antitrust immunity for their acts taken with respect to travel agents.