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Bankrkuptcies, Profits, Subsidies, expectations.

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[quote user="Firelock76"] Maybe this has nothing to do with it, maybe it does, but it seems to me the airlines started to get in trouble when the original founders of the business like Eddie Rickenbacker, Juan Trippe, Howard Hughes, and the others either retired, died off, or moved on to other things.  Remember these were men who loved aviation, believed in aviation, and and saw it as more than a path to a big paycheck.  The fact they all became wealthy was icing on the cake for them. Does the current generation of airline execs have the same motivation as the founders?  Somehow I doubt it. [/quote] This discussion is a bit far afield, but what the heck.  It is interesting even if it has little to do with trains. The biggest game changer for the airline business was deregulation of the commercial aspects of the business with the Airline Deregulation Act of 1978.  Prior to that time the commercial aspects of the airline business were tightly controlled by the regulator, who set prices, assigned routes, based on requests, and unwittingly guaranteed the carriers a positive return.  Had it not been for this regulatory umbrella, it is doubtful if the founders would have fared as well as they did, which in retrospect was not all that good. A case can be made that the executives, managers, and employees who have run the nation's airlines since deregulation are cut from a better cloth than the pioneers.
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