Friday 15 May 2015

Etihad says big three US airlines received $70bn in subsidies | The National

Etihad says big three US airlines received $70bn in subsidies | The National:



"Etihad Airways has hit back at US rivals with a report saying North America’s big three carriers netted more than US$70 billion in government and court-sanctioned benefits over the past 15 years.



The Abu Dhabi-based carrier has released the findings of a new report that claims Delta Air Lines, United Airlines and American Airlines Group have received benefits valued at $71.48bn, more than $70bn of which has been received since 2000.



Such benefits have had the effect of “enabling the country’s three largest carriers to transition from the verge of bankruptcy to today’s industry leaders, each achieving a multibillion dollar profit”, said Etihad."



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