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But we saved everything 🙂.
Alec Stapp, industry influencer, highlights findings from economists on the impact of deregulation on airfares. According to a Brookings analysis, by 1996, travelers were paying about 28% less for airline fares than they would have under the previous regulated fare system.
The data suggests significant consumer savings resulted from changes in the regulatory environment.
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Stapp has previously commented on economic disruptions in other sectors. In 2021, he noted that Sri Lanka’s crop policy led to a 20% drop in rice output and $425 million in tea losses. He has also pointed to U.S. moves to secure supply chains, citing a 10-year rare earths agreement with MP Materials.