Airline deregulation

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Post-deregulation

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Price

Base ticket prices have declined steadily since deregulation. The inflation-adjusted 1982 constant dollar yield for airlines has fallen from 12.3 cents in 1978 to 7.9 cents in 1997. and the inflation adjusted real price of flying fell 44.9% from 1978 to 2011. Along with a rising US population and the increasing demand of workforce mobility, these trends were some of the catalysts for dramatic expansion in passenger miles flown, increasing from 250 million passenger miles in 1978 to 750 million passenger miles in 2005.

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