Time is Running Out For Airlines

Washington, Feb. 6, 2003—Air Transport Association of America, Inc. (ATA) President and CEO James C. May today warned that “time is running out” for Congress to deal with the crisis created by security costs and unfunded mandates being imposed on the nation’s airlines.
Noting the grave economic condition of the airline industry and that airline self-help regimens have already cut over $10 billion in expenses, May noted that “our efforts are being overwhelmed by new security costs” bringing billions in new expenses.
“Fully half of the jobs lost in our economy since 9/11 have been lost in the aviation and travel sectors,” May said in urging action to eliminate worsening industry losses arising from unfunded security mandates.
“Following the 9/11 attack on America, Congress recognized that aviation security and national security are inseparable,” May noted. “Now it must enforce an unalterable policy to maintain these responsibilities within the government.”
The Air Transport Association of America, Inc. is the trade association for leading U.S. airlines. ATA members transport over 95 percent of all the passenger and cargo traffic in the United States.
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