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Taxing the Airlines
futureofcapitalism.com

The Wall Street Journal has details of how President Obama's "jobs" bill would affect airlines and passengers:

The proposal includes a doubling of the federal security surcharge of $2.50 per one-way trip to $5. Annual increases would triple the fee to $7.50 by 2017....Gary Kelly, CEO of Southwest Airlines, estimates the proposed [$100 per] departure tax alone would cost his company $140 million a year. ...US Airways Group Inc. estimates the departure tax could cost it $110 million a year. AMR Corp.'s American Airlines pegs its expense at $124 million.

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Taxing the Airlines
futureofcapitalism.com

The Wall Street Journal has details of how President Obama's "jobs" bill would affect airlines and passengers:

The proposal includes a doubling of the federal security surcharge of $2.50 per one-way trip to $5. Annual increases would triple the fee to $7.50 by 2017....Gary Kelly, CEO of Southwest Airlines, estimates the proposed [$100 per] departure tax alone would cost his company $140 million a year. ...US Airways Group Inc. estimates the departure tax could cost it $110 million a year. AMR Corp.'s American Airlines pegs its expense at $124 million.

Read More...


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Susan Carey

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