Airline stocks have been rebounding as investors expect that a combination of high travel demand will combine with softening fuel prices to boost industry profits. Airlines have been limiting the supply of seats and boosting prices for some time. Collectively, they imposed about a dozen broad fare increases last year and two so far in 2012 which has led to higher revenue per mile.
EU Reports A "Systematic Non-Reporting" Of Emissions Data
Airlines from India and China have failed to submit 2011 carbon dioxide emissions data in a challenge to European rules looking to expand the ETS. The European Commisson's website said that there has been "systematic non-reporting" of emissions data to and from Europe from ten airlines based in India and China.
Republicans Had Offered An Amendment To Preserve Fees At Current Levels
The Department of Homeland Security bill passed Tuesday by the Senate Appropriations Committee contains language that would increase passenger security fees in an effort to make up a budget shortfall at TSA.
According to the Department of Transportation, U.S. airlines earned less in baggage fees last year despite the increase in passenger traffic. The 17 largest U.S. airlines earned $3.36 billion in baggage fees in 2011, down slightly from $3.4 billion the previous year.
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