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Stock impact report

American Air CEO Wants Rockets, Private Jets to Help Fund FAA [Business News Network (BNN) (Canada)]

American Airlines Group, Inc. (AAL) 
Last american airlines group, inc. earnings: 4/30 07:30 am Check Earnings Report
Companies launching rockets and satellite payloads, along with private jet operators need to pay -- or pay more -- to fund the nation's monitoring grid for flights, which is seeing an uptick in airborne vehicles, says Robert Isom, chief executive officer of American Airlines Group Inc. Gridlock in the skies over Florida earlier this year cast a spotlight on the combined effect of increased competition for space, severe weather and staffing shortages at air traffic control facilities in the region. Airlines and federal regulators have exchanged blame in lieu of an easy solution. “Airspace is going to be a critical, critical issue,” Isom said Tuesday at a Washington conference sponsored by the US Travel Association. “The only ones that pay for that are the airlines. Commercial airlines are paying FAA and ATC for all these other things. We're going to have to find a way for new industries that are going to have to contribute.” Business jets pay far less in taxes than a typical air Show less Read more
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