Airlines support Congressional action on credit markets.
Press Release Summary:
Speaking on behalf of airline industry, ATA President and CEO James C. May voiced strong support for action to help stabilize Wall Street and Main Street. Market reaction to Monday's defeat of legislation clearly sent wake-up call that economic plan needs to be implemented. ATA strongly supports Congress acting in bipartisan manner, passing comprehensive, balanced legislation.
Original Press Release:
Airlines Voice Support for Prompt Congressional Action on Credit Markets
WASHINGTON, Sept. 30, 2008 - Air Transport Association of America (ATA) President and CEO James C. May, speaking on behalf of the airline industry, today voiced strong support for action to help stabilize Wall Street and Main Street:
"The market reaction to Monday's defeat of legislation, intended to keep our nation's critical credit markets moving, clearly sent a wake-up call that an economic plan needs to be implemented. We strongly support Congress acting in a bipartisan manner, passing comprehensive, balanced legislation. The consequences of inaction are unacceptable."
ATA airline members and their affiliates transport more than 90 percent of all U.S. airline passenger and cargo traffic. For additional information about the industry, visit www.airlines.org.
CONTACT: Elizabeth Merida
202-626-4205
Victoria Day
202-626-4141
