Competition in the Airline Industry

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Excerpt from Competition in the Airline Industry: Hearing Before the Subcommittee on Economic and Commercial Law of the Committee on the Judiciary, House of Representatives, One Hundred Third Congress, First Session, June 9, 1993The consequences were dire indeed. Besides a reduced number of competitors, a steep decline in employment accompanied these changes. Sadly, the industry has lost more money in the last 3 years than the cumulative profits achieved since the Wright broth ers flew over Kitty Hawk for the first time in 1903.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.