U.S. Air Traffic Control Needs Modernization
- By Rep. Tom Petri
- Special to Roll Call
- June 12, 2008, 2:55 p.m.
A dire situation is facing the U.S. airline industry because of the slowing economy and oil prices as high as $130 per barrel. Since December 2007, nine airlines have filed for bankruptcy and eight of those nine have ceased operations altogether. In survival mode, airlines are seeking ways to increase revenue and cut costs. Domestic capacity cuts of 20 percent are likely this year.
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