The Air Transport Assn., Air Line Pilots Assn. and Regional Airline Assn. joined together Friday to call on Congress to pass legislation putting limitations on oil speculation, asserting that the "economic market [for oil] has become divorced from the physical market" and driven the per-barrel price to a point that threatens the viability of the air transport industry. "This whole business of the way oil is traded is having a dramatic impact," ATA President and CEO James May told reporters ...

Subscribe to Access this Entire Article

"US airlines, pilots push Congress to place restrictions on oil speculators" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.