The cheapest return flight from New York to Los Angeles is five times lower today than it was back in the 1970s, when airfares were regulated by the Civil Aeronautics Board.

Despite this massive decrease in fares and increase in consumer choice, some politicians are planning to re-regulate the U.S. airline industry and go back to the days when the government set prices.

Recommended Stories

Airlines expect more travelers to fly this summer

More airfare increases on the way

Biden administration turns screw on airlines for more consumer protections