Business

Airlines pocket tax revenue during FAA shutdown

There’s a tax holiday right now on airline tickets. Who gets the benefit, airlines or the passengers? With only a few notable exceptions, airlines are pocketing the temporary windfall instead of passing the savings on to the people who actually pay the taxes.

A dysfunctional Congress let funding expire for Federal Aviation Administration on Friday, forcing the agency to lay off thousands of employees and shut down airport construction projects. Air traffic controllers are still on the job -– they are classified as essential and still get paid.

Full Story: Airlines pocket ticket-tax holiday