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Will The Government Shutdown Lead To Airline Privatization?

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The 35-day government shutdown ended Friday. Business Insider reports the effects of the longest shutdown in US history rippled across many industries, including airlines. Southwest Airlines said the government shutdown cost it more than $10 million, while Delta said it lost $25 million in revenue during the month of January due to the shutdown. Federal airport workers were forced to work without pay. Southwest Airlines CEO Gary Kelly told CNBC, "It's a crazy way to run our country, absolutely absurd." Now, some think the shutdown will lead to stronger arguments in favor of privatizing airlines. In June 2017, President Donald Trump outlined a plan to privatize the air traffic control system, which he said would cut costs for consumers. However, one report said privatizing air traffic control boosted fees in Canada and the UK by 59% and 30%, respectively.

Added on the 27/01/2019 12:56:09 - Copyright : Wochit

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