As an economic advisor to Jimmy Carter, Alfred Kahn championed the deregulation of this industry in the United States. For 10 points each:
[10e] Name this industry deregulated in 1978 in the United States by a namesake act. Southwest is one firm in this industry that saw rapid expansion following deregulation.
ANSWER: aviation industry [accept equivalents such as airline industry]
[10h] Following deregulation, Pan American Airways suffered heavily, eventually declaring bankruptcy in 1991. It specially constructed this terminal in 1960 at JFK Airport to serve as its hub, which was demolished in 2014.
ANSWER: Worldport [or Terminal 3]
[10m] London-Heathrow airport is a major hub for British Airways, which was formed in 1974 following the merger of British European Airways and this other nationally owned airline which competed with Pan-Am.
ANSWER: British Overseas Airway Corporation