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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.
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.