The book discusses how the airline industry has changed since deregulation in 1978. It looks at the impact of economic freedom on international airline operations. The book covers topics like the goals of deregulation, how US carriers responded, and the European approach to liberalization. It also examines deregulation in Canada and Australia, attitudes towards economic regulation, and the future of competition in the global marketplace. The book suggests strategies for regulating Europe's airlines more effectively and discusses recent developments like global alliances.