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CED-82-94 1 (1982-06-24)

handle is hein.gao/gaobabdkv0001 and id is 1 raw text is: REPORT BY THE U.S. General Accounting Office RELEASED i ItRI3TRICTEP u,,, ... Accouanting Office except on the basis of specific apprV-, by the Office of CongresiOnal Relations- The Changing Airline Industry: A Status Report Through 1981 S nce passage of the Airline Deregulation A t of 1978, the passenger airline industry h s experienced greater operating freedoms a well as changing economic conditions. G O0s review, which is essentially a snap- s ot of airline operations before and after d regulation through 1981, shows that --traffic increased, but 1978 and 1979 gains were significantly reduced by 1980 and 1981 declines; --fares increased at a lower rate than airline costs; --higher 1978 and 1979 industry rates of return on investment declined in 1980 and 1981; --significant 1978 and 1979 productiv- ity gains were severely eroded in 1980 and 1981 by declining load factors; --weekly departures for larger communi- ties increased, but fewer seats were available for most communities; and --safety was not adversely affected. / i/Ill /II/I/I/I//II1111 II/ 118826 GAO/CED-82-94 JUNE 24,1982 6 J2~ cr312j I

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