Wednesday, August 03, 2011

Who Wants to Fly Anyway?

Nearly 4,000 FAA employees have been furloughed and dozens of inspectors who oversee airport safety standards are working without pay, agency officials said.

Some airports are turning to letters of credit, reserves and commercial paper to keep projects going. Smaller airports may have credit problems and less financial flexibility, given their heavy dependence on federal funds, Fitch Ratings said.

Adding to the discontent from the administration and other quarters, airlines have profited handsomely from the shutdown. Political inaction on the temporary spending measure allowed them to drop certain ticket taxes 11 days ago [...] bringing in a $250 million windfall.

  TPM

Of course. You didn’t expect them to pass the savings on to passengers, did you?

[The] industry stands to make more than $1 billion if the fare hikes stick and the shutdown lasts until Congress returns in September.

Gee, government action that profits corporations and leaves ordinary citizens the losers. We haven’t seen that in a while.

...but hey, do what you want...you will anyway.

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