It is well known that market economics is driven by consumers. In such conditions consumers benefit is maximized.
With the development of air transport in the twentieth century this carriers were unaffordable for most people because of its high prices.
Nowadays almost every US citizens fly and it means that airlines’ fares became available for people because of deregulation of US airlines and positioning them in conditions of free competition or market economics.
In this paper I will make a research about economics of airline deregulation in USA and consider the concept of airline deregulation, the reasons of airline deregulation, what effects airline deregulation made on the US airline industry in general, on the competition in the airline industry and its affect on airlines’ fares, its effects on demand and supply of the airline industry and why it executes such effects, advantages and disadvantages of airline deregulation on the consumers.
