Airlines made windfall profits after EU freeze on carbon taxes

“Airlines made up to half a billion euros in windfall profits last year by passing on a carbon surcharge to travellers despite an EU decision to freeze its controversial carbon tax, environmentalists said on Tuesday.  Green group Transport and Environment said airlines chalked up extra revenues estimated at 486 million euros ($650 million) even though EU climate commissioner Connie Hedegaard in November decided to ‘stop the clock’ on an EU carbon tax angering the global aviation industry.”

http://www.rawstory.com/rs/2013/01/22/airlines-made-windfall-profits-after-eu-freeze-on-carbon-taxes/

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