Wednesday, June 16, 2010

Congress May Bring Back Airline Regulation

The Huffington Post reports:
Restoring financial regulation of the airline industry will be put before Congress if the Justice Department approves a proposed merger of United and Continental airlines, two key House members said Wednesday.
There's more:
The legislation would impose federal regulation of airline pricing and re-establish a government gatekeeper role similar to that played by the old Civil Aeronautics Board prior to deregulation in 1978
The good old day for statists. High ticket prices, and less air travel for the masses.