economy nation

On airline industry woes, former executive argues for re-regulation

Monday, June 16 2008

With the airline industry facing multi-billion dollar losses due to rising gas prices, legendary former American Airlines CEO Bob Crandall argues that it's time to reinstate government oversight of airlines. The Takeaway talks to Crandall about his controversial views on re-regulating the airline industry.

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I swear I heard on "Marketplace" that the airline industry has LOST money since its deregulation in the '70s. Isn't that a pretty clear case for re-regulation or nationalization if the entire industry has lost money since deregulation?

Posted by Gaines Hubbell, 8:15 a.m. Monday, June 16 2008 Permalink

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How would the deregulation work this time around? What would be the major similarities or differences? The world is a lot different than when we had deregulation before....

Posted by jason, 8 p.m. Monday, June 16 2008 Permalink

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Was I dreaming listening to Bob Crandall on re-regulation this morning. Bob was a probably better insulated from effects of de-regulation than many airline employees. I worked for TWA, which after 3 bankruptcies and assumption of pension obligations by the Pension Benefit Guaranty Corporation, was bought by American Airlines. Having worked for TWA, Digital Equipment Corporation and AT&T/Lucent, regulation appeared to produced stable jobs that allowed employees to support a family and contribute to their communities in ways that people are challenged to do currently. As a customer, flying was certainly a more pleasant and predictable experience under regulation. As an employee shareholder of all three corporations, I experienced some quite exciting, dramatic ups and downs and ultimately lost way more money than I ever imagined I could afford to.

Posted by Anne Reynolds, 8:28 p.m. Monday, June 16 2008 Permalink

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