Airlines again raise fares as tax holiday ends
U S airlines hiked ticket prices after federal taxes on flights expired over the weekend. By Monday most major carriers had increased fares to keep revenue, with Alaska, Hawaiian and Spirit not raising prices yet. Industry officials caution the move may be a temporary windfall.
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Special master sought to oversee Gulf oil spill claims
Lead attorneys urge a federal judge to appoint a special master to manage BP Gulf spill claims. They accuse Kenneth Feinberg’s GCCF of slow interim payments from the $20 billion fund, while noting over 20,000 claimants received interim payments and more than 40,000 final offers are pending.
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