... the airline industry, government agents and economists have debated the true effects that deregulation has had on the airline industry. It has been a very difficult task for all concerned to try to capture and further quantify the impact that deregulation has had. This task is made difficult as a result of the extensive, and sometimes contradictory, amount of critical economic variables that amount to form the substance that binds the industry together. Factors such as the state of the economy, technological progress, seasonal effects, government intervention through regulatory regimes etc. all play a part in the general foundation of the airline industries economic environments. General background of Australian airline industry In Australia, regulation of the airline industry commenced in 1952 with the Civil Aviation Agreement. The general purpose of the regulations in place at the time was to enhance the growth of an infant industry using a contractual and legislative framework ...

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