Airline deregulation led to the demise of many smaller airlines but large carriers were not materially affected.

Question

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Airline deregulation, which began in 1978 in the United States, led to increased competition, lower fares, and the rise of new airlines, but it also resulted in financial difficulties for many established carriers, both large and small. Several large airlines struggled to adapt to the new competitive environment, leading to bankruptcies, mergers, and consolidations within the industry.

Airline Deregulation Led to the Demise of Many Smaller Airlines