Lower Airline Costs per Passenger Are Possible in the United States and Could Result in Lower Fares

At the request of the Chairman of the Senate Subcommittee on Administrative Practice and Procedure, a study, entitled "Airline Regulation and Market Performance", by Theodore E. Keeler, was evaluated, extended, and updated. The study compared airline fares regulated by the Civil Aeronautics Board (CAB) in 1969 with estimates of fares the airline industry might have charged had it not been regulated. The validity of the study results was evaluated, and annual national estimates were made for the years 1969 through 1974.