Word: controls
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Dates: during 1980-1989
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...could get only one concession from the U.S. in arms-control talks, what would...
Before deregulation, the five largest U.S. carriers controlled 63% of the passenger business. While many supporters of the 1978 legislation hoped it would reduce the concentration of market share among the top carriers, the opposite has happened. Today the five largest airlines -- American, United, Delta, Northwest and Continental -- control 70% of the industry traffic...
Some carriers also have virtually monopolistic shares of the business in their "hub" airports and control so-called feeder airlines that funnel passengers into their route systems from outlying areas. Says Missouri's John Danforth, ranking Republican on the Senate Commerce, Science and Transportation Committee: "Deregulation initially worked as it was intended to work. But increasingly competition has faded away. As of this point in time, deregulation has failed...
...TMFONT 1 d #666666 d {Source: Airline Economics, Inc.}]CAPTION: HUB CONTROL...
...decade of dogfights and mergers has eliminated hundreds of competitors, leaving control of the industry concentrated in fewer hands than ever before. -- Why computerized reservations systems have become vital to an airline's ability to compete. -- Under tough-guy chairman Robert Crandall, American Airlines is the leader in profits and popularity. -- A British advertising juggernaut bids for Ogilvy & Mather...