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Frank Lorenzo, a notable figure in the airline industry, has authored a book set for release next week. The book details his acquisition of Continental and Eastern Airlines, his sale of the Eastern Airlines Shuttle to Donald Trump, and his eventual disqualification by the Department of Transportation (DOT) from running an airline.
In a recent op-ed in the Wall Street Journal, Lorenzo argues that current DOT regulations under the Biden administration are undermining the benefits of deregulation. He claims these regulations have made air travel more accessible with lower fares and increased flights but contends that airlines face stricter rules compared to other industries.
Lorenzo highlights specific DOT requirements for airlines to disclose fees for bags, flight changes, and cancellations on initial fare quote webpages. This rule was blocked by an appeals court in July as it exceeded the department's statutory authority. He questions whether similar requirements should apply to other retailers like Amazon.
