Carbon trading to hit airline profits

The airline industry is expected to face a €1.1bn bill next year when carriers around the world are brought into the EU carbon trading scheme.

This is a quarter of the industry’s estimated profits this year, as estimated by IATA.

(The EU decided to make any airline flying into or within the EU will pay for carbon pollution. The US and the Chinese are not happy with the move.)

http://www.ft.com/cms/s/0/ef1e95c0-e097-11e0-bd01-00144feabdc0.html

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