U.S. airlines predict the new financial law will cut their fuel costs as it curbs speculative...

|By:, SA News Editor

U.S. airlines predict the new financial law will cut their fuel costs as it curbs speculative commodities trading - "a multi-billion-dollar benefit to this industry," Air Transport Association's James May says. But speculation may or may not have been a factor in the 2008 oil price run-up and ensuing drop, casting some doubt on the airlines' expectations.