How Deregulation Saved the US Airline Industry

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A topic that has often piqued my interest, the deregulation of the American airline industry was an act that took what was a heavily restricted, oligarchic system of control on carriers, and opened it up into a highly profitable free market that depended entirely on the merits of each company to survive.

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References:
The Library of Economics and Liberty (and their respective references)
Airline deregulation and nodal accessibility (YH Chou, 1993)
Airline deregulation: The cost pieces of the puzzle (BH Baltagi, JM Griffin, DP Rich, 1995)
Wikipedia (and its respective references)