DEREGULATION OF THE AIRLINES |
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While deregulation has had the positive impact of lowering fares, allowing the general public to fly farther and more frequently than ever before, it has also had a downside. Since 1978, the airline industry has been extremely volatile, with consolidations, buyouts, mergers, and
bankruptcies becoming almost everyday occurrences. It seems that almost every week a new change in the industry is announced or another flight attendant or pilot's union goes on strike. With these rapid changes in the industry, sometimes it can be difficult just to keep track of which airlines are still in business. The economic recession of the late 1980s also hurt the major
airlines. Most experienced major financial losses and laid off thousands of workers. Then, of course, the impact of September 11 on the airline industry was immense. These events have led to quality concerns with particular airlines and within the industry as a whole. Despite these problems, however, hiring within the industry has not stopped.
Many low-cost smaller airlines and cargo carriers have stepped in to fill the hiring gap, and with the end of the recession in the nineties, hiring has at last started to increase. The larger airlines and airports still account for most of the hiring within the air industry, however, and generally offer the most desirable positions. Aviation Industry Changes >>>
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