Airlines for America (A4A), the industry organization representing the leading US airlines, has announced it is celebrating the 40th anniversary of the Airline Deregulation Act, which opened doors to innovation, competition and consumer choice for the traveling and shipping public, the company said.
On October 24, 1978, President Jimmy Carter signed the Airline Deregulation Act into law, eliminating government restrictions on domestic routes, ticket prices and competition from new carriers that wanted to enter the market.
US airlines are flying more than 2.3 million passengers daily, and shipping more than 55,000 tons of cargo to 800 airports in 80 countries. Additionally, commercial aviation delivers economic value, with US carriers alone directly employing 720,000 workers and accounting for five percent of the country´s gross domestic product (GDP).
Airlines for America (A4A) advocates on behalf of the American airline industry as a model of safety, customer service and environmental responsibility and as the indispensable network that drives our nation´s economy and global competitiveness.â©â©