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I think it would be a mistake to attribute all of those price changes to deregulation. Lot's of things have happened since then, including improvements in effic
by eloff 7y ago
I think it would be a mistake to attribute all of those price changes to deregulation. Lot's of things have happened since then, including improvements in efficiency and technology, insane competition driving profit margins nearly to zero, removing lots of frills and comforts, increased automation (not in the plane as much as everywhere else in the process and org.) If you look at other regulatory environments you'll see similar price drops. I'm sure it was a factor to some extent though - but lower prices is not a good argument for playing fast and loose with human lives.
- TylerE 7y agoThey aren't though. As I've stated in other comments, airline travel is incredibly safe. About 500x safer than driving. This "life and death" talk is just tabloid sensationalism. The numbers don't support it, all. Airline travel is the safest means of transports that exists, or has ever existed, by quite a margin.
- eloff 7y agoI agree, and I get how safe air travel is. But let's not underplay this either. We had two crashes with hundreds of fatalities because the regulator decided to let the fox watch the hen house. That's sad and avoidable.