I worked at the Civil Aeronautics Board in 1978, during airline deregulation.

1978 年，在航空公司放松管制期间，我在民航局工作。

Back when the industry was regulated by the Civil Aeronautics Board, or C.A.B., airlines were not allowed to lower prices to win customers.

当该行业受到民航局（C.A.B.）监管时，航空公司不得通过降低价格来赢得客户。

The Civil Aeronautics Board designated certain airlines to fly on certain routes, and then they would set a price that was intended to be high enough for the airline to recover their costs.

民航局指定某些航空公司在某些航线上飞行，然后他们会设定一个足够高的价格，以便航空公司收回成本。