I found this today: Aviation Week : Crandall Calls For Re-Regulation
Decrying the "sad state" of U.S. commercial aviation, former American Chairman and CEO Robert Crandall yesterday declared three decades of deregulation a failure and said that treating airlines like a regulated utility must be a part of a broad solution to their current financial crisis."We have failed to confront the reality that unfettered competition just doesn't work very well in certain industries, as aptly demonstrated by our airline experience and by the adverse outcomes associated with various state efforts to deregulate electricity rates," Crandall told aviation and financial industry professionals gathered at the Wings Club in New York City. "It's time to acknowledge that airlines look and are more like utilities than ordinary businesses."
Decrying the "sad state" of U.S. commercial aviation, former American Chairman and CEO Robert Crandall yesterday declared three decades of deregulation a failure and said that treating airlines like a regulated utility must be a part of a broad solution to their current financial crisis.
"We have failed to confront the reality that unfettered competition just doesn't work very well in certain industries, as aptly demonstrated by our airline experience and by the adverse outcomes associated with various state efforts to deregulate electricity rates," Crandall told aviation and financial industry professionals gathered at the Wings Club in New York City.
"It's time to acknowledge that airlines look and are more like utilities than ordinary businesses."
