More Flexible International Travel

The European Union–United States Open Skies Agreement came about at a time of global economic recession and when other commercially driven reforms, such as mergers, were being enacted by the airlines most affected. What does seem to have happened is that the airlines have been recovering from the Great Recession and that the agreement has provided some boost to this, and ipso facto to the U.S. East Coast economies. Given the overriding strength of macroeconomic conditions, and the fact that air traffic has barely recovered to its pre-recession levels, the changes in the relationship between international air transportation seems to have less to do with its aggregate supply than with the quality of that supply in terms of fares levied and the service networks supplied.

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