Airlines step up pressure on oil speculators

08/4/2009 | Atlanta Journal-Constitution, The

AirTran Airways recently e-mailed its frequent fliers, asking them to write to their lawmakers to support tighter regulations on oil speculators. The e-mail campaign was just one step in the airlines' renewed push for such limits. Last week, Delta Air Lines General Counsel Ben Hirst, speaking on behalf of the Air Transport Association, appeared before the Commodity Futures Trading Commission to testify that the industry "has been devastated in the past two years by the high price of fuel and volatility in oil markets." The CFTC will hold the last of three hearings on the subject this Wednesday.

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Atlanta Journal-Constitution, The

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