1. Protects against predatory russian rolutte by management when it comes to protecting jobs.
2. Protects essential services to outlying communities.
Cons:
1. Robs the poor CEO's of their perks.
2. Tax dollars put to work wherever the government thinks its necessary.
Airline regulation did nothing to protect jobs. It was designed to level the playing field while crushing free enterprise.
Essential services have always been there, subsidized under the Essential Air Services program.
CEO's set their own agendas, and regulation would do nothing to change what the CEO gets. The former CAB had authority to regulate routes and limit charges, but had no power over what the company did internally with respect to pay, perks, etc. Let's not forget that the political landscape and the economy, as well as the amount of air traffic, has changed substantially since deregulation.
Tax dollars already at work. Revisit the EAS.