Airline Industry Financial Condition
The subcommittee first heard testimony from members of Congress about legislation they have introduced to repeal a new jet fuel tax which wo… read more
The subcommittee first heard testimony from members of Congress about legislation they have introduced to repeal a new jet fuel tax which would otherwise take effect October 1. They argue that the fuel tax would cause the collapse of airline companies, many of whom already have experienced large operating losses over several years. Airline analysts and industry representatives also testified about the negative effects the new jet fuel tax would have on the airline industry. close
People in this video
- Jeffrey Erickson Chief Executive Officer Trans World Airlines, Inc.
- Lewis Jordan Chairman and CEO Valujet Airlines
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Patrick Murphy Assistant Secretary (Former) Department of Transportation->Policy and International Affairs
- Danny Wright President and CEO Kiwi International Airlines
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