Financial Times FT.com

Take-off delayed: America’s airlines are making drastic cuts

By Justin Baer

Published: June 5 2008 19:02 | Last updated: June 5 2008 19:02

Thirty years ago this October, President Jimmy Carter brought the regulated era of commercial US aviation to a close, opening the domestic market to competition, freeing carriers to set their own fares and paving the way for decades of rapid expansion.

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