Regulation of Transportation Industries Aviation Research Paper

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Considerations supporting increased governmental regulation are based on the possibilities of the industry growing beyond the reach of many if left to be controlled by the market forces. Regulating the industry cushions the consumer against the increase in rates which might impact the economy in terms of reduction in businesses due to the high costs of travel and as well as the reduction in the tourism sector which generates revenue and as well attract more investors.

Regulation would ensure that reasonable rates are set for the consumer. When regulated certain standards are set by the government which protects the consumer as well as the ecosystem so that the activities of the airline company do not endanger the lives of the citizens in terms of pollution among other environmental hazards that they might cause.

There are however several arguments in support for deregulating industry, it is argued that by being deregulated the industry has become competitive which has been good for business purposes as competition among the new entrants and the old airline companies drive down the rates. Deregulation has led to growth in air travel where it has attracted many investors whereby the world has been interconnected making air travel the most efficient which has increased international business between different economies.

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Deregulation has enabled the airline companies to remain operational despite the rising cost of fuel whereby the individual companies are able to hedge for fuel and remain profitable for a period of time despite the skyrocketing fuel prices which wouldn't have been the case were the industry still regulated (GAO, 2006).

The industry is prone to terrorist attack after the 9/11 therefore the emergency funding that was introduced as part of the government's effort to combat terrorism by improving on the homeland security was a boost to the industry. The fund was to be channeled on the war against terrorism as to target and eliminate terrorists and make airline safe (Atef Ghobrial & Wes a. Irvin, 2004).

Reference

Avjobs, (2012). Airline Deregulation. Retrieved June 18, 2012 from http://www.avjobs.com/history/airline-deregulation.asp

Department of Homeland Security, (2012). Prevent Terrorism and Enhance Security. Retrieved June 19, 2012 from http://www.dhs.gov/xabout/gc_1240598490142.shtm

GAO, (2006). Airline Deregulation .Retrieved June 18, 2012 from http://www.gao.gov/new.items/d06630.pdf

Atef Ghobrial & Wes a. Irvin, (2004). Combating Air terrorism: Some Implication to the Aviation Industry. Retrieved June 19, 2012 from http://www.auburn.edu/~johnsrd/4160/Readings/Combating%20Air%20Terrorism.pdf.....

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