What was the airline business like in the 1980s?

Back in the go-go 1980s, the airline business was like catnip to any self-respecting (or self-aggrandizing) entrepreneur. Newly deregulated, the airlines appeared to offer an aspiring tycoon a fast path to prestige and riches—or so it seemed.

How did the '80s affect the airline market?

As the '80s came by, the general public could now have the honor as well. However, the increase of flights purchased across airline companies meant that the previous market dominators reduced their share. Prior to 1978, there were ten large airline companies that controlled 90 percent of the market.

Why was flying a luxury service in the '80s?

Flying was previously a luxury service, mostly only afforded to the rich. As the '80s came by, the general public could now have the honor as well. However, the increase of flights purchased across airline companies meant that the previous market dominators reduced their share.