The Committee on Commerce, Science, and Transportation today approved 12-10 a bill to enhance competition at dominated hub airports by creating more equitable access to airport facilities. The only way to fix the airline system is to inject a healthy dose of competition at major airports across the country, said Senator Hollings. I guarantee that airlines when forced to compete for customers will lower fares and improve service. Expanding capacity by building new runways is important, but while these efforts may improve airline travel, there is no substitute for competition.
Consolidation is a key challenge facing aviation policy makers today.
We cannot be passive observers as the airline industry heads unchecked toward a structure and environment that will cripple competition at the expense of air travelers, McCain said. Many of the major airlines benefit greatly from the slots that they were given many years ago at no cost. Those slots are one of many barriers to new entry and competition. This bill ensures that airports, which are public facilities, are open to competition. I am committed to working with members of this Committee to resolve any differences and make any improvements on the bill.