Furthermore, airlines have and continue to enjoy large public
subsidies. Consider the rapid, publicly-funded building of US airports
in the 1960s, when there was no federal tax on air tickets. Or that
after 9/11, the government started subsidizing insurance for
airlineswhen the private sector baulked. Or the Essential Air Service
Program, which pays hundreds and thousands of dollars per passenger to
keep routes to small communities open.
On 09/17/2015 12:20 PM, Bill Claybaugh wrote:
Even a blind squirrel sometimes finds a nut.... Current profits are largely a
result of the collapse of oil prices. Ticket prices are already dropping
under competitive pressure.
This period of profits is easily balanced by the losses of the last eight
years.
