How Deregulation Saved the US Airline Industry

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Ruairidh MacVeigh

Ruairidh MacVeigh

Күн бұрын

Пікірлер: 135
@atatexan
@atatexan 4 жыл бұрын
Aside from being a life-long student of commercial aviation, I have worked in the industry 35 years. This video is excellent. Very complex subject that you turned into very fine bits of tasty morsels. Well done.
@ianr
@ianr 4 жыл бұрын
What a great photo the thumbnail is, these old aircraft and liverys really stand out compared with todays.🙂
@andrewsmactips
@andrewsmactips 4 жыл бұрын
Aviation is not a business for the faint hearted. Hats off to all the larger than life characters that made it all happen.
@largol33t12
@largol33t12 7 ай бұрын
Maybe but I feel that lower cost airlines only brought about the massive, nonstop deterioration of air travel We now have to share the cabins with entitled douchebags who just love to make flying a living hell for everyone else. They really should put a $9 surcharge (PER person) and make the airlines run "low cost" splinter factions for the entitled ones. I think a vast majority will refuse to pay $9 surcharge to fly with the normal population. I don't fly unless I really REALLY need to. Even then, if the destination is one state over, I'd rather drive than put up with entitled 30-year-old brats. Flying used to be nice and quiet. Now it's just a constant fight for seats that are even more cramped than ever. What I flew in economy 20 years ago is now considered "first" class today. I've only flown first class once in my life and it absolutely was NOT worth the money. It would help if we forced a bill that has the $9 surcharge. It will help alleviate overcrowding and separate the general public from the troublemakers.... PS: Southworst lovers need to take a reality check. It is NOT affordable at all. The last two times I flew, a big carrier undercut their prices by about $25 per trip because they initiate summer sales or winter blowout pricing. Last two times I flew were with American and Delta for that very reason.
@johnpinckney4979
@johnpinckney4979 4 жыл бұрын
Deregulation of the airlines on the U.S. destroyed quality of service, jobs, and ultimately raised fares by eliminating competition and replacing regulated fares with "managed" fares with airlines looking at each other's websites to ensure that fares never go "too low". Barriers to entering the closed U.S. marketplace still exist. Ask Sir Richard Branson. (His Virgin America Airlines could be a video itself.)
@eds.4815
@eds.4815 4 жыл бұрын
Are you really suggesting that inflation-adjusted airfares were lower under regulation?
@johnpinckney4979
@johnpinckney4979 4 жыл бұрын
@@eds.4815 Yes... the term "inflation adjusted" is rather nebulous because it implies that incomes are also "inflation adjusted" linear to costs. They aren't Also, with the decline in service quality, the loss of value per dollar paid also increases the fares. You're essentially paying more for less.
@eds.4815
@eds.4815 4 жыл бұрын
@@johnpinckney4979 It sounds like you’re cherry picking data perspectives to confirm your arbitrarily pre-determined conclusions, but ok.
@johnpinckney4979
@johnpinckney4979 4 жыл бұрын
@@eds.4815 For quite a number of years, my work had me flying domestically rather frequently. This was in addition to flying several times a year on vacations. So, I got to see the decline in value. Especially since I started flying in 1965. I never had a service problem prior to 1978. After 1978, it became unusual not to have a problem. Where in the CAB era, there was a variety of airlines to choose from, today we have an oligopoly with the post-bankruptcy shells of three "legacy" carrier with an LCC (Southwest) now considered a major carrier. Also, not all of the airlines that vanished in mergers were "weak". Indeed, Continental, Piedmont, Western and Northwest were among the best managed. As for the "ease of entry" I use the saga of Virgin America as to the fallacy of that claim.
@eds.4815
@eds.4815 4 жыл бұрын
@@johnpinckney4979 Your anecdotal observation of decline in value is subjective, and irrelevant to your initial claim that deregulation raised fares. Remember also that fares were subsidized under regulation, so carried a taxpayer cost well beyond the cash price.
@dmv5552
@dmv5552 4 жыл бұрын
Really interesting take on how deregulation made things better for the majority although it has to be said there were losers as well. I remember watching a documentary about 1982 about this that focussed on a United route from SLC to SFO with several stops along the way. The plane was so empty the crew used to place bets on where the nosewheel would stop when it reached the stand. The plane was a 737 (I think) but never had more than 20 passengers aboard. So places like Elko and Winnemucca got a service that virtually nobody used whereas now they have only commuter services to the nearest hub - much more efficient for most but not so good if you want to get from Elko to Winnemucca as you have a thousand mile detour to make a two hundred mile journey!! Funny how the freight railroads were deregulated at the same time and that pretty well saved them from extinction as well.
@SteveTheFazeman
@SteveTheFazeman 3 жыл бұрын
Essential Air Service (EAS) is a government program that still continues to this day. It provides for small aircraft of airlines to serve a number of isolated towns in the U.S.
@KingMooseThe3rd
@KingMooseThe3rd 4 жыл бұрын
Another brilliant video - love these segments on the Aerospace Industry - Imagine living in a world where no system existed to gauge aircraft airworthiness and pilot competency. Insane the standards we had, and didn't have back then.
@smorris12
@smorris12 4 жыл бұрын
@securehi
@securehi 4 жыл бұрын
@@smorris12 standard? What standard?
@FarmerTed
@FarmerTed 4 жыл бұрын
Deregulation lowered the ticket price and increased competition, but it decreased safety added congestion that took years and years and years to fix. It also lowered job security forevermore on airline job security and pay and benefits. How do I know? I lived it thru three carriers and three bankruptcies.
@indianasunsets5738
@indianasunsets5738 4 жыл бұрын
Can you show quantitatively that safety was decreased?
@FarmerTed
@FarmerTed 4 жыл бұрын
@@indianasunsets5738 Lets see, average age of aircraft in service increased until fuel crisis hit, and is still higher today than before deregulation. The experience of pilots (hours flown before being hired) has decreased. The OTA (on time arrival)rate has increased thus showing congestion in the ATC thus decreasing safety prior to Covid that is. We have a broken system that is being pushed by lowering costs and pilots that are afraid to speak up fearful of loosing there jobs. Having flown in both systems it was much safer before deregulation even with all the technology that has improved safety with modern aircraft and don’t get me started on the dependency of these new pilots on their autopilots!
@indianasunsets5738
@indianasunsets5738 4 жыл бұрын
@@FarmerTed sir, these are assertions. Nowhere do you either provide data to back up your claims or link to data backing up your claims. I'm not saying you're wrong, simply that I as a layman would like to be able to see data one way or another.
@FarmerTed
@FarmerTed 4 жыл бұрын
@@indianasunsets5738 THE SAFETY RECORD Has this tremendous economic gain come at safety's expense? Yes insist many critics of deregulation. Former Braniff pilot John Nance charges in his 1986 book Blind Trust that: "The ultimate cost of those $99 airline,tickets may be measurable in more than services lost and leg rpom sacrificed. The true cost may be paid in passenger lives the extensive media coverage made many Americans conclude that Nance might be right. With 1,430 fatalities on scheduled commercial flights The seemingly poor airline safety record last year and 3. General Accounting Office, Derepulation: Increased ComDetition Is Making Airlines More Efficient and ResDonsive to C o nsumers, November 6, 1985, p. 21 4. Morrison and Winston, OD. cit, p. 15 5. Unless otherwise noted, all statistics are from the U.S. Department of Transportation 6. Elizabeth Bailey, David Graham, Daniel Kaplan, Derepulatinn the Airlines (Cambridge Massac husetts MIT Press, 1985 p. 222 n.2 7. Nance, OD. cit, p. 9 3worldwide, last year was the worst year, in terms of fatalities, in airline history. Based on this, many lawmakers have called for the reimposition of regulation on the U.S. airline industry.
@indianasunsets5738
@indianasunsets5738 4 жыл бұрын
@@FarmerTed thanks. I'll give those a look.
@btrdangerdan2010
@btrdangerdan2010 4 жыл бұрын
I learned about this in one of my aviation classes, intro to airport ops. Thanks for refreshing my memory.
@scanida5070
@scanida5070 4 жыл бұрын
It‘s interesting how the law that railway companies weren‘t allowed to buy Airlines later came back to bite them in the ass. Though still, it‘s a pretty mixed opinion for me given that I love Aviation and Railways alike. But it‘s better that we have the modern airline industry of today. Everybody can fly everywhere (not paying attention to you COVID) and the world has grown considerably more together!
@aregomez89
@aregomez89 3 жыл бұрын
I have been binge watching your videos in the past few hours. I really enjoy your content. I subscribed immediately....it actually kind of bothers me when people excessively remind us to subscribe or like a video but you really don't do that, which I love!!
@cmanlovespancakes
@cmanlovespancakes 3 жыл бұрын
Ironic that now the US only has three major carriers who offer terrible service. The regional airlines are really no better. The low-cost carriers are better but they offer limited services and don't fly to many smaller airports. Flying in the US has become an abysmal experience ever since deregulation.
@BaltimoreAndOhioRR
@BaltimoreAndOhioRR 4 жыл бұрын
Great vid! 🛩
@letsseeif
@letsseeif 4 жыл бұрын
Thank you very much for your brilliant exposition.
@RTD3
@RTD3 2 жыл бұрын
Most accurate oxymoron: Government Efficiency
@mycroft1905
@mycroft1905 3 жыл бұрын
Excellent doco; very informative; professional delivery.
@AJ67901
@AJ67901 2 жыл бұрын
Thanks for your video covering deregulation. I think I've read about every book written on Pan Am and will base my comments on what I learned there. The US govt supported Pan Am to a great degree in the early days by subsidizing mail routes etc. They helped Pan Am build airstrips in foreign countries during WWII to aid in the war effort. BUT - Pan Am was ONLY allowed to be an international carrier and could not carry passengers within the United States. Inversely, the domestic carriers were not allowed to carry international passengers. Pan Am got further government assistance when they started the Intercontinental Hotel chain. My personal opinion is that the US govt used Pan Am for intelligence gathering and dissemination, but that's just an opinion. Pan Am struggled to get enough passengers during the 73 oil crisis and had no feeder network setup within the US to help. When Alfred Kahn and Jimmy Carter set about deregulation, Pan Am felt like they'd finally be allowed to build a domestic route system to help feed their international routes. This was not to be as the domestic carriers so feared that Pan Am would dominate the market that they threw a fit. Deregulation was broken into two parts. Part A was what the domestic carriers wanted - the ability to fly worldwide. It was ratified almost immediately. Part B would have allowed international carriers to fly domestically. It was not ratified for several years. When someone asked Kahn about it being unfair to Pan Am, he reportedly replied "To hell with Pan Am!" I'm sure there's a back story there that we don't know, but Pan Am was treated like a step child. The other part of deregulation that hurt the established carriers was allowing anyone to start an airline. New airlines didn't have binding union contracts that they'd had for years. The unions had become an overhead item that new startups didn't have, so their operating costs were much lower. Pan Am and the older airlines lost money trying to match fares of the startups. Another thing that Kahn didn't see coming was the buyouts. Today we have about three major players, American, Delta, and United. They gobble up any competition. This would not have been allowed pre 1978. So, to me deregulation was a double edged sword. The established carriers had done the majority of the work establishing routes and infrastructure, then deregulation came along and anybody could get in the game. It's interesting history to be sure. Thanks!
@jimjams8320
@jimjams8320 2 жыл бұрын
interesting. thanks for sharing your thoughts
@gerritliskow2399
@gerritliskow2399 4 жыл бұрын
The CAB sound pretty much like some kind of planned economy junta, akin to what went on in the USSR. I'm sure it'll work next time, comeades 🤣
@ssbohio
@ssbohio 4 жыл бұрын
A lot of what the CAB did was in response to pressure from Congress, members of which were heavily lobbied by the large legacy carriers. This was especially true on international routes, with Juan Trippe's Pan American monopolizing the lion's share of that business, and competitors, like TWA, fighting to even break off small amounts of traffic for themselves. A significant subplot in the movie "The Aviator" revolves around the struggle between TWA (owned by Howard Hughes) and Pan Am, which had multiple members of Congress in its pocket. It was more about rigging the competition in favor of Congress's favored airlines, rather than enacting some kind of Soviet-style central planning regime.
@gerritliskow2399
@gerritliskow2399 4 жыл бұрын
@@ssbohioBe that as it may, whether by design or by accident the CAB pretty much achieved "true socialism". Got to hand it to them 😂
@ssbohio
@ssbohio 4 жыл бұрын
@@gerritliskow2399 The CAB achieved the worst of all possible worlds: They quashed competition without getting any of the benefits of doing so. Those went to the private companies with the best lobbying efforts. At one point, they were even regulating the size of sandwiches served in airline box lunches, I'm told. Ridiculous.
@davidkamen
@davidkamen 3 жыл бұрын
The CAB was the US federal government's price control, route authority control, etc: etc. It was government interference at its best !
@MirzaAhmed89
@MirzaAhmed89 6 ай бұрын
Far too many industries in the US are still overregulated.
@jocelynharris-fx8ho
@jocelynharris-fx8ho Жыл бұрын
I don't believe that deregulation SAVED the industry ; in fact, I believed that it RUINED the industry and put many classy, fun and professionally run airlines out of business. If the business was still regulated, we'd still have many of the perks and amenities that made flying fun and enjoyable.
@jimtaylor294
@jimtaylor294 4 жыл бұрын
Another great video. Weird to think how long the civi' aviation sector was mired in what was a government orchestrated cartel. Apart from actual aviation safety reg's; the less that government organs poke their noses into civi' aviation; the better.
@gameboy3800
@gameboy3800 3 жыл бұрын
i love your plane videos, keep it up!
@luislealsantos
@luislealsantos 4 жыл бұрын
Another great documentary. Thanks
@johnspeller3666
@johnspeller3666 4 жыл бұрын
If you think making planes less comfortable, reducing seat-room, ruining the air supply and generally making air travel less desirable, you would be in favor of deregulation. If you think planes should be comfortable, you would not. People die from thrombosis due to conditions on the planes. Yes, deregulation causes deaths. I used to enjoy air travel, even though I could not afford it frequently. I now hope I will never have to get on a plane ever again.
@johnmurphy5689
@johnmurphy5689 4 жыл бұрын
Well their is hope with the Middle East airlines (despite undermining all the legacy Carriers) but thats about it, America is hopeless place to fly, unless you choose carefully for the better quality planes and services, the a220 comes to mind.
@StaffordMagnus
@StaffordMagnus 4 жыл бұрын
If you want all of those things, nobody is stopping you from flying first class. If deregulation caused more people to be able to afford to fly, I'd say that's a win for the populace overall - especially if those same taxpayers were propping up the airlines before, but were unable to enjoy the benefits of flying.
@weaselworm8681
@weaselworm8681 4 жыл бұрын
Deregulation needs to happen on a cyclical basis. But regs happen for reason. And people will die if this left as a market factor.
@joaobaptista8377
@joaobaptista8377 Жыл бұрын
at around 8:15 it appears to show a PSA plane with the Registration N533PS aka PSA 182 Spet. 25th 1978
@itsjohndell
@itsjohndell 4 жыл бұрын
Sir with all due respect and prefaced by my enjoyment of your videos, you are completely wrong here. I worked in the industry many years and through deregulation. The United States had the least expensive, safest and most reliable system in the world. Airline scompeted on service not cut throat pricing. Deregulation took a system that wasn't broken and fixed it. Price (pre-covid) became the highest ever ans service became a joke.. In the end the consumer ended up paying more for far less. I have to question your personal experience traveling.by air in the US vs internet sources as the basis of this video which is factually wrong.
@mpersad
@mpersad 4 жыл бұрын
Fascinating video, excellent!
@crosscompiler
@crosscompiler 4 жыл бұрын
Pre-deregulation, US passengers could use a ticket from city A to city B to fly on any airline they wanted, or simply as cash towards any other ticket, subject to availability and gentlemen's agreements (although last-minute switchers might not be fed or reunited with their luggage - some things never change). Post-regulation the conditions of 'cause' and 'fiat' were added, quickly eroding down today's laissez faire. From ''54 thru '84, my dad's job at one of the 3 major airlines was to do all the accounting for this (solo at first, later with his 'girls').
@scpatl4now
@scpatl4now 2 жыл бұрын
I don't think you can blame Eastern Airlines demise on deregulation. That was more the fault of Frank Lorenzo and Texas Air Group who decided they would rather shut down the airline than negotiate with the unions. That doesn't have much to do with deregulation. In fact, Eastern was in a pretty good place with their hubs and aircraft to do really well if it hadn't been for Lorenzo. He destroyed several airlines along with Carl Icahn destroying TWA
@sutherlandA1
@sutherlandA1 4 жыл бұрын
2 dislikes must be from Braniff and Pan am
@pdsnpsnldlqnop3330
@pdsnpsnldlqnop3330 4 жыл бұрын
and TWA
@pdsnpsnldlqnop3330
@pdsnpsnldlqnop3330 4 жыл бұрын
and Trump
@DanknDerpyGamer
@DanknDerpyGamer 4 жыл бұрын
Braniff's problem's were deeper than just deregulation - the episode of the (PBS?) show Enterprise that covered Braniff's fall, which is online/on YT, goes into the problems that existed when former-Southwest-President Howard Putnam took over, at least on the surface, though it focuses more on the struggle to survive. There are other videos that have covered some of the deeper issues a bit better (as opposed to just the struggle for survive), it is a fascinating story IMO.
@jimtaylor294
@jimtaylor294 4 жыл бұрын
^×1 Funny way to spell Clinton XD
@sutherlandA1
@sutherlandA1 4 жыл бұрын
@@DanknDerpyGamer it didn't help, as with Pan am it was a death by a thousand cuts, their glory years were behind them and they weren't destined to exist in a modern changing world. At least the name lived on into more recent times as south park creators Matt stone and Trey Parker's production company name
@gimp6019
@gimp6019 4 жыл бұрын
Deregulation has caused issues for rural America with several smaller cities not having airline access
@caver1
@caver1 4 жыл бұрын
Very enjoyable. I never knew about the CAB. I did laugh at "the outbreak *of* 2020". Makes it sound like the year itself was the problem. Outbreak *in* 2020 might have scanned better. Small beer through :)
@ScottRothsroth0616
@ScottRothsroth0616 4 жыл бұрын
For reference timestamp 2:05. If my memory serves me correctly, Civil Aeronautics Board (“CAB”) was disbanded and replaced with the National Transportation Safety Board (“NTSB”). NOTE: I made comment at timestamp referenced above.
@byzelimium
@byzelimium 4 жыл бұрын
Today I learned that Calvin Coolidge actually did somethin in office
@SawdEndymon
@SawdEndymon 3 жыл бұрын
My history teachers mentioned him a grand total of 4 times I think
@AdurianJ
@AdurianJ 3 жыл бұрын
One way the companies competed in the decades before deregulation was with shorter and shorter skirts for flight attendants, some outfits even designed to ride up when flight attendants helped passengers put their luggage in the overhead bins. Since it was so expensive to fly back then most people who flew where men hence it was logical of the airlines since they could not compete on price to find whatever edge they could.
@GSCFemboy
@GSCFemboy 4 жыл бұрын
It was sad rails lost TONS of cash from WW2 after they invented jet power...
@Miftahjaya96
@Miftahjaya96 4 жыл бұрын
very informative video,,,,
@simonf8902
@simonf8902 4 жыл бұрын
Please do a piece about the near future of aviation !
@Skunkola
@Skunkola 4 жыл бұрын
Violently Opposed! Nice. Good vid as ever, ty.
@rosaluxemburg1670
@rosaluxemburg1670 3 жыл бұрын
🤣 LOL! Yeah, its the conservative Deregulatory Legislation, Corporate Privatization, budget Cuts, tax cuts, enclosure of commons and accumulation of capital along with Anti union death nail CRUSHING ctions by Taft Hartley & PATCO by Reagan that " helps airlines 🙄
@odinsson204
@odinsson204 2 жыл бұрын
It made it worse.
@casmatori
@casmatori 4 жыл бұрын
If only they did the same thing with the health insurance industry
@JBFlytography
@JBFlytography 4 жыл бұрын
Your videos, genuinely everyone is a school day 👍🏻🤣
@stephenholland5930
@stephenholland5930 4 жыл бұрын
Digging the babe in the mini-dress and go-go boots. Oh, the low flying 737 was pretty cool, too!
@muhsinmansoor
@muhsinmansoor Жыл бұрын
Carter Administration could be a role model for great turning point which the world enjoys now in Aviation Field.
@Simulation101YT
@Simulation101YT 4 жыл бұрын
I love the HD content lol
@rileyk5628
@rileyk5628 4 жыл бұрын
Hot take for sure
@John_.Cabell_.Breckinridge
@John_.Cabell_.Breckinridge 9 ай бұрын
And the Legacy carriers supported by the CAB won in the end, cause most of the airlines started after deregulation collapsed in only a couple of years
@hattree
@hattree 2 жыл бұрын
Now with deregulation, passengers suffer with a complete lack of service and being nickeled and dimed.
@drakbar5957
@drakbar5957 2 жыл бұрын
Ironic that the first airline to take advantage of deregulation by filing for so many new routes, was the first to go bankrupt. Braniff got hammered on all sides and eventually ran out of operating capital.
@PTB_BE
@PTB_BE 4 жыл бұрын
Eastern fans: *angry sounds*
@McRocket
@McRocket 4 жыл бұрын
Very, informative video for me...thank you. When will people learn that - other then maybe health and safety - governments should NEVER get involved in economies/industries as all they do is mess things up.
@eds.4815
@eds.4815 4 жыл бұрын
That’s not quite the story I got from this report. Rather that regulation has times and places where it is vital to public and economic interests, sure as the air carrier industry before and just after WW2. But that regulations can become outdated or, occasionally, no longer necessity at all, and thusly should be regularly assessed for suitability in current conditions.
@McRocket
@McRocket 4 жыл бұрын
​@@eds.4815 Other than health and safety - government involvement in the economy is NEVER vital for public/economic interests. Every time the government meddles in the economy...it just makes things worse and/or stagnates the economy. Look at the housing boom - brought on by ultra low interest rates from the Fed and government stimuli for new home buyers? It ended up a disaster and the Great Recession. Look at the economy in America since 2008? The Fed has artificially propped up the equity markets. The result? The wealth gap has exploded. The rich are richer. The middle class are fewer and the poor are more numerous. And the employment to population ratio (a FAR better employment metric than the ridiculous U-3-unemployment rate) was actually far worse in late 2019 than it was before the Great Recession. The New Deal was a disaster (though most people don't realize it). Compare it to the recovery from the 1920/21 Depression (where Harding left the economy alone and cut taxes/spending)? The New Deal resulted in huge unemployment and government debt and a weak stock market until WW2. The 20/21 Depression? The economy was back to normal in 5 years and the national debt actually dropped. Government meddling in an economy or an industry ALWAYS - and I mean ALWAYS - just makes things worse.
@eds.4815
@eds.4815 4 жыл бұрын
@@McRocket I think you missed parts of the video.
@McRocket
@McRocket 4 жыл бұрын
@@eds.4815 I saw the whole thing. If an industry cannot survive on it's own...let it die.
@ssbohio
@ssbohio 4 жыл бұрын
@@McRocket That's ideology, not logic. Deregulation of the electric power industry has led to power which is less reliable and more costly to consumers, as well as adding complexity by reducing the transparency of pricing. Deregulation of the airline industry led to a spike in incidents related to maintenance failures, such as ValuJet 592 & Alaska 261, among several others. One of the most straightforward ways to ensure aviation safety is to make sure that the airlines have enough revenues to pay for first-rate maintenance. The regulatory scheme under which the airlines were running needed reform, not wholesale dismantlement.
@saganich74
@saganich74 4 жыл бұрын
Tell that to Pan Am
@ssbohio
@ssbohio 4 жыл бұрын
Pan Am lived for years off the fat guaranteed to it by Congress, being allowed to fly many international routes with no competition, though carriers like TWA & Braniff were eager to satisfy the unmet demand for international travel, particularly from New York to London or Paris. I think that the deregulation did more harm than good, overall, but that the regulatory scheme in place was deeply flawed. Regulatory reform would have done much better than the wholesale deregulation of the industry.
@juanansaavedra14
@juanansaavedra14 4 жыл бұрын
Make a video for Aiport Stories - Quito's old airport! Pleasee
@anthonydivon5571
@anthonydivon5571 Ай бұрын
Deregulation definitely benefited the flying public it became a lot cheaper to fly it really hurt those working in the airlines industry especially mechanics and airline attendants
@TheHylianBatman
@TheHylianBatman 2 жыл бұрын
I'm too stupid to understand this video, because it's clearly supposed to be defending the deregulation, but like, I'm not feeling it? I don't know. I'm tired.
@AragornRespecter
@AragornRespecter 2 жыл бұрын
Basically the airline industry was run like a cartel.
@loveisall5520
@loveisall5520 2 жыл бұрын
If you wish to present yourself as some type of historian, then please at least learn pronunciation of historical figures. It's so very well documented that President Roosevelt's last name is pronounced "rose-uh-velt". I'd never insult one of your PM's by mispronouncing his or her name. Leaving.
@davidkamen
@davidkamen 3 жыл бұрын
How did deregulation save anything ? Count the number of carriers prior to deregulation and count the three carriers which remain after deregulation. It is because of deregulation that most legacy carriers no longer exist.
@villiamo3861
@villiamo3861 Жыл бұрын
From a wider point of view we are not interested in an industry for how much it benefits a given supplier, or how well it keeps a certain number of suppliers in business, but rather in how it serves its consumers, whose numbers are much greater, and whose interests any state body or regulator ultimately exists to cherish and promote. As the video makes clear, the older carriers were, although pretty much guaranteed an existence under the previous set-up (and so of course they would be in favour of retaining the old dispensation), nevertheless themselves struggling even in the early seventies, and patently not showing the capability or will to serve the consumer demand that revealed itself to be present upon deregulation. Deregulation saved the individual flyer, or rather, it helped thousands of them get into the air and go where the hell they wanted at the expense of a few well-known big brands.
@377king
@377king 4 жыл бұрын
.... what about Pan Am. Trans World, Eastern, Northwest, Continental, workers rights especially United Pilots and many many mid sized Airports and hubs who survived on the business of Long haul and local feeder flights? All this was good for was the big 3 airlines who had well established routes with in the US to expand outside and eventually take over the routes and business of those US ailines like Pan America who lost out when trying to begin routes within the US after deregulation. All it means is now you are stuck with the big 3 ailrines, like rail privatisation in the UK theres more cons to pros
@jimtaylor294
@jimtaylor294 4 жыл бұрын
Not really no. Rail privatization in Japan worked fine. The key is in HOW de-nationalization is done. It was a mess in the UK because of inept instigation, no serious effort to support the rail manufacturing firms through the de-nationalization process, and the sorry state of most of BR beforehand. Nobody laments the end of those infamously soggy sandwiches. Most of the UK public were against nationalization in 1948; but the government of the day put ideology before all alternative options.
@woodskier
@woodskier 4 жыл бұрын
flying was ALOT more fun
@floridaactor
@floridaactor 2 жыл бұрын
Varney did NOT become United. Varney Speed Lines became Continental Airlines. It wasn't until 2012 that Continental merged with United.
@drstevenrey
@drstevenrey Жыл бұрын
When Rory counts down the regulations imposed by the act, it is mind-boggling that air traffic before it was done without all those very very basic regulations. Basically any jumped up grifter could run an airline. Does the pilot have a license, who cares as long as he is not too drunk.
@AviationCommercials
@AviationCommercials 4 жыл бұрын
Nice video. If you ever do another airline focused documentary, please feel free to use content from my channel.
@gerogyzurkov2259
@gerogyzurkov2259 4 жыл бұрын
It also made broke rail. . .
@farhanatashiga3721
@farhanatashiga3721 2 жыл бұрын
Ever since the publishing of this video avelo and breeze has enter the fray to once again spice up the industry
@maxant4285
@maxant4285 4 жыл бұрын
Do not avoid politics on topics like that. It's more informative if you start mentioning under which administration certain steps were made.
@Whiskey2shots
@Whiskey2shots 4 жыл бұрын
Well not really, it makes no difference to the story as to which politician made the decision.
@jimtaylor294
@jimtaylor294 4 жыл бұрын
He technically did state which regime abolished it. Democrats would be shilling for CAB today though if their ancestors hadn't had some actual sense.
@ryankenyon5010
@ryankenyon5010 4 жыл бұрын
The CAB killed itself.
@flashoflight8160
@flashoflight8160 7 ай бұрын
Bro get to the point. Lots of filler in the beginning that had little to nothing to do with the title.
@stuartlee6622
@stuartlee6622 2 жыл бұрын
Terrible idea.
@skylineXpert
@skylineXpert 4 жыл бұрын
I remember United crying a lot. especially about Sas's smoerrebroed
@xetalq
@xetalq 4 жыл бұрын
This video is all wrong.
@RedArrow73
@RedArrow73 4 жыл бұрын
Boy, Ronald Reagan saved their Bacon!
@iSuom
@iSuom 3 жыл бұрын
But Carter signed the Airlines Deregulations Act not Reagan
@rodrigonogueiramota4433
@rodrigonogueiramota4433 3 жыл бұрын
in other words. if there´s a place where "free market competition" is good and works is on Aviation, more competition, more options, better services and options
@mooodswings
@mooodswings 3 жыл бұрын
Well, no matter how nice you present nonsense, it's nonsense alright. Then there's the title of the video - great choice for supporting the same-old, hilarious neoliberal narrative. Of course, the narrator cannot hide the fact that regulation and "taxpayers' money" gave birth to the aviation market and connected regions hard-to-approach until then. Or that regulation made air-travel safe and set standards. What the comedian failed to mention tho, is the free money poured into airlines for a year now, although private companies are well fed from taxpayers from day 1 of their establishment - hope this is not a shock to you). You see, little man, this is taxpayers' money as well - but why mention it if it doesn't fit your free-market fairy-tale, right? Why mention that private companies only care about profit and prioritize it over anything -even human lives? Anyway, long story-short, free market will always be more expensive, unreliable and dangerous compared to a public, state-run service. On top of that, privatization means lower wages + long working hours for the employees and worst services for travelers. Oh, plus it produces dump-asses like yourself and the buffoons that believe your crap. So, here's an advice for you: Privatize your fk mother and deregulate your children, morons.
@AragornRespecter
@AragornRespecter 2 жыл бұрын
Cope commie
@MicahtheDrumCorpsPseudoboomer
@MicahtheDrumCorpsPseudoboomer 2 жыл бұрын
@@AragornRespecter Communism is not when the government regulates the airline industry, doofus.
@BobbyGeneric145
@BobbyGeneric145 4 жыл бұрын
It took until 2015 to finally overcome deregulation.
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