Seeking Alpha

Passengers to pay more for aviation security while airlines glide

  • The new budget deal in Congress includes a repeal of the Aviation Security Infrastructure Fee charged to airliners as passengers will now pay a higher portion of funds allocated to aviation security. The measure had support from leaders from both parties.
  • Passengers will now pay $5.60 for each segment of a trip, up from a previous level of $2.50, while airlines continue to pay less.
  • Related stocks: DAL, AAL, JBLU, UAL, ALK, HA, RJET, SAVE.
Comments (2)
  • User 15249092
    , contributor
    Comment (1) | Send Message
     
    Is airport security really accomplishing anything meaningful or is it a job creation exercise to help lower the unemployment rate? If an organization chooses to target an airliner, it will probably succeed. Airport security is another example of getting marginal results at a tremendous cost. This is a tax increase, pure and simple.
    13 Dec 2013, 04:31 AM Reply Like
  • FREDPARKER
    , contributor
    Comments (2) | Send Message
     
    The congress is a hide arm as for as taxes are concerned, you notice how both parties can get together when the special interests get involved.
    13 Dec 2013, 07:23 AM Reply Like
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