More on the EU carbon tax (previous): U.S. airlines stand to lose an estimated $3.1B between...

|By:, SA News Editor

More on the EU carbon tax (previous): U.S. airlines stand to lose an estimated $3.1B between 2012 to 2020 if efforts in Congress to stop participation in the program aren't successful. Though the tax could also hit air cargo companies as well, UPS says it will reroute flights around European airports to avoid the cap-and-trade system.