ATA: Air transport chief warns against re-regulation of airline industry.

0 Comments | M2 Presswire, August, 1998

M2 PRESSWIRE-14 August 1998-ATA: Air transport chief warns against re-regulation of airline industry (C)1994-98 M2 COMMUNICATIONS LTD RDATE:110898 Shreveport, La. -- Proposed U.S. Department of Transportation (DOT) rules threaten to re-regulate the airline industry and turn the clock back on better service and lower airline ticket prices, said Carol B.

Hallett, president and CEO of the Air Transport Association (ATA). In a speech before airport managers in Shreveport, La., on Tuesday, Hallett said that if DOT's guidelines are enacted, "all the economic and social benefits of deregulation we take for granted will be at risk." Hallett pointed out that in the 20 years since deregulation, "airfares have fallen 36 percent in real dollars" and that "the number...