A bill to preserve local air service.

Provides that the Civil Aeronautics Board shall not permit any air carrier which received a Federal subsidy in 1972 to omit, suspend, terminate, or reduce by 50 percent or more, regularly scheduled service, including flag stop service, to a point certificated to be served by that carrier on any day in November 1973, unless the Board finds, that the reduction is in the public interest: (1) that such point will continue to receive adequate regularly scheduled service from another certificated air carrier, or (2) that such air carrier is not providing more than two nonstop round trips per day in each marketpair in which both points are "large hubs" as defined in the most recent edition of "Airport Activity Statistics of Certificated Route Carriers", and (3) that such carrier is using the fuel available to it as efficiently as possible. Requires that notice of any application for authority to omit, suspend, terminate, or reduce, by 50 percent or more, regularly scheduled service shall be published in the Federal Register and shall be sent to all interested persons.