Who has the power to regulate the economic aspect of air transportation?

The Civil Aeronautics Board (CAB) is responsible for regulating the economic aspects of air transportation. This includes overseeing fare rates, regulating routes for domestic air carriers, and ensuring compliance with economic policies related to air transport. The CAB's main role is to provide economic regulation to foster fair competition, protect consumer rights, and enhance the overall economic viability of the air transport sector in the Philippines.

While the Civil Aviation Authority of the Philippines oversees safety and regulatory standards for airlines, its jurisdiction does not specifically encompass the economic aspects of air transportation. The Department of Transportation and Communication focuses on broader transportation policies and infrastructure, without direct involvement in economic regulation, and the Philippine Aerospace Development Corporation primarily deals with the development and promotion of the aerospace industry rather than regulating air transport economics. Thus, the CAB is correctly identified as the authority with the power to regulate the economic aspects of air transportation in the Philippines.