Airlines Benefiting from Ticket Tax 'Holiday,' Not Passengers

It could have been a windfall for passengers, but no. Instead, the airlines, most of them anyway, are reaping the benefits of the congressional gridlock-induced airline ticket tax holiday. The taxes could have meant as much as a 15-percent break on airfare for passengers, after the midnight Friday deadline for the FAA re-authorization passed. Instead, most airlines raised prices just enough to recoup this "lost" tax money. Of course, it was never the airlines' money in the first place. They...Full Story