Quick Economics question...

[AStar617]

Would the airline industry before deregulation in 1978 be considered public or private sector? I'm still thinking private sector because government standards/regulation don't necessarily constitute public sector status unless you are dealing with public-owned (i.e., state-owned) corporations... I think?

 

[Syringer]

I think only recently has the gov't taken over the airlines..

 

[ChaoZ]

I'm leaning towards private also.

 

[AStar617]

Originally posted by: Syringer
I think only recently has the gov't taken over the airlines..

...How does that apply to government regulation of a largely publicly-traded industry 30 years ago?

 

[ntdz]

It's private obviously, the govt didn't own any of the airlines...

 

[AStar617]

OK, just making sure gov't regulation of the industry didn't somehow affect the status.

This is not obvious to someone who has not studied Economics. I'm trying to make an assertion about an airline during the period.