Scary Story
Today is Friday the 13th, and coming on the heels of Halloween, gives us pause to consider some of the scarier aspects of the air cargo industry. Security will remain top of mind, of course, but the industry’s financial health, too, remains a real concern.
Fortunately, we are not the only ones concentrating on this issue.
The Air Transport Association of America (ATA), the industry trade association for the leading U.S. airlines, today commented on the U.S. Department of Transportation (DOT) and Secretary LaHood’s initiative in bringing aviation stakeholders together to discuss the financial health of commercial aviation – an economic engine that drives 8 percent of global gross domestic product.
Airline executives participating in the forum called for:
*No new taxes and fees, which would burden an already overtaxed industry and travelers/shippers
*Fully funded and accelerated modernization of the nation’s air traffic control (ATC) system
*Enhanced oversight of energy markets to excessive speculation and the resulting volatility of oil prices
*Elimination of arcane restrictions on airlines’ ability to operate efficiently in the global marketplace
*A global sectoral approach to climate change for aviation developed through the International Civil Aviation Organization (ICAO)
“We appreciate that Secretary LaHood is taking this step to address the future health and competitiveness of the U.S. aviation industry,” said ATA President and CEO James C. May. “The formation of a federal advisory committee of government and industry stakeholders, who will seek solutions to the challenges facing U.S. aviation in order to restore jobs and the financial health of our industry, is essential. Ultimately, a healthy airline industry will help drive the nation’s economic recovery.”
Annually, commercial aviation helps drive $1.1 trillion in U.S. economic activity and more than 10 million U.S. jobs. However, the U.S. airline industry has lost nearly $60 billion since 2001.