Another airline consolidation period coming soon to an airport near you!!
I doubt if there is or ever was a more interesting/“screwed up” industry in America than this thing called the airline industry. I’ve always wondered, just what were these people thinking? Such characters! Such business models! There are enough case studies here to last until the end of time!
It just seems to me this industry has had the most unbelievable people and ideas, many of which you look back on and say "Wow!, and then others where you say, “How could anybody have been that stupid?” Did they have a death wish? Or, how could anyone possibly ever have come up with a more complicated/non-sensical air fare structure that this bunch of people has? What were these things called tariffs? Did people actually read them? Yet, today, the rules for deregulated air fares are as complicated as they were when the CAB controlled such things.
Wonderful people like Fred Smith, Freddie Laker, Bob Crandall, Alfred Kahn. Old organizations like the CAB, or the Airline Tariff Publishing Co. Things like a Local Service Airline, or the Chosen Instrument, or the Wright Amendment, the Fly America Act, or my favorite…yield management.! Or, People Express, New York Air, or what was Atlantic Coast Airlines/Independence Air managment thinking?
I see MIT has a program called the “MIT Global Airline Industry Program,” “…that represents a large-scale effort that provides the means for MIT and the academic community to make a ‘great leap forward’ in studying the airline industry and in educating its future leaders.”
Wow! Sounds really up there! Yet, there is so much that went into this industry that was just the funniest stuff I could imagine. Do people today have any idea what went on during the '50s and '60s, yet when deregulation came along in '78, things got even dumber and dumber, but without goverment interference!
Here we are 30 years after deregulation. Just wondering, surely there must be a set of books/the unabridged story of "The Airline Industry in America…Those Wonderful Folks and There Unbelievable Ideas. How Did They Think of That to Get Us So Screwed Up Today?