Airline CEs pan proposal to hike US airport tax

A plan to almost double the US$4.50 Passenger Facility Charge cap doesn’t fly with US airlines. In a letter last week, the heads of 6 major carriers, including American Airlines Group and JetBlue Airways, urged Transportation secretary Elaine Chao to reject a Senate subcommittee’s proposal to boost the airport tax amid the appropriations debate. Air travel is already treated like a so-called sin product, with federal taxes and fees accounting for about 21% of the total cost of a round-trip ticket; plus, airports have ample sources of revenue, including the “nearly US$6b in unobligated funding in the Airport and Airway Trust Fund that could be utilised for airport infrastructure,” they said. <br/>
Bloomberg
https://www.bloomberg.com/businessweek
2/26/18