Despite a rise of more than 50% in the cost of fuel, many media stories portray the airlines as "nickel and diming" passengers for extra revenue, Julia A. Seymour writes. And while making much of the airlines' "record profits" last year, Seymour notes that most reports fail to mention that the industry lost more than $50 billion over the last 10 years, according to ATA calculations.

Related Summaries