The EU's controversial carbon emissions tax could erode more than 30% of the airline industry's...

|By:, SA News Editor

The EU's controversial carbon emissions tax could erode more than 30% of the airline industry's profits, warns IATA chief Tony Tyler. The first year of implementation could cost $1.2B, with worldwide profit pegged at $3.5B this year, and there's the possibility that costs could "balloon" in future years.