NYTimes.com Article: House and Senate Panels Back $3 Billion in Aid to Airlines

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House and Senate Panels Back $3 Billion in Aid to Airlines

April 2, 2003
By EDMUND L. ANDREWS






WASHINGTON, April 1 - The appropriations committees in the
House and the Senate each voted today to give the airline
industry about $3 billion in emergency assistance, enough
to provide modest relief but nowhere near the amount needed
to cure the industry's most acute problems.

"You cannot call this a bailout," said Representative Tom
DeLay of Texas, the House majority leader. "I believe the
industry needs to work through their market problems on
their own."

The House and Senate measures have significant differences,
which will ultimately have to be resolved in a conference
committee. But both would compensate airlines for
additional security costs and both would impose limits on
salaries and bonuses paid to airline chief executives.

Administration officials vowed to push for a smaller
package in the conference committee. "A considerable gulf
remains between Congress and the administration regarding
the amount and structure of this assistance," Norman Y.
Mineta, the secretary of transportation, said.

Both measures were attached to bills to provide more than
$75 billion to cover costs tied to the war in Iraq, which
Congressional leaders want to pass before April 11, when
the Congressional spring break begins.

White House officials originally opposed any additional
money for airlines, saying that the industry's problems
stemmed from overcapacity and high costs rather than from
the war against Iraq. But administration officials have
made clear that they will agree to at least some money, if
only to ensure quick approval of money for the war.

Even so, analysts say the airline assistance pales in
comparison to the problems of major air carriers like
United Airlines, which is in bankruptcy proceedings, and
American Airlines, which narrowly avoided bankruptcy on
Monday by obtaining wage concessions from labor.

The Air Transport Association, an industry group, estimated
that airlines were on track to lose nearly $7 billion this
year and that the war in Iraq would probably increase those
losses another $4 billion.

Passenger numbers dropped about 10 percent in the week the
war began. Executives worry that anxiety about terrorist
reprisals could depress revenue for some time to come.
Despite those problems, the airlines received grudging
sympathy, at best, here. Republican and Democratic
lawmakers alike said the airlines' biggest problems were of
their own making.

Among the criticisms: the big hub-and-spoke carriers like
United, American, Delta Air Lines and Northwest Airlines
failed to reduce their capacity enough; failed to control
their labor costs; and wasted money long before the
terrorist attacks of Sept. 11, 2001, by buying back their
own shares at what turned out to be inflated prices.

Adding insult to injury, some say, airlines like Delta
awarded their chief executives generous bonuses at the same
time they were losing money and cutting jobs.

"A lot of mistakes have been made by the industry," said
Senator Trent Lott, Republican of Mississippi, who helped
write the Senate's airline proposal. "I think they made bad
management decisions, and they had a terrible record of
caving into labor unions."

The hostility was bipartisan.

"This is a let's-pretend industry," said Representative
David Obey of Wisconsin, the ranking Democrat on the House
Appropriations Committee. "They pretend they operate in the
free market and they pretend they are standing on their own
two feet. And then every couple of years they come to
Washington and ask for dollars to help them out."

The House plan would provide about $3.2 billion in
assistance. It would reimburse airlines for some of the
security fees that passengers have been paying since
February 2002. The Senate plan would provide about $3.5
billion over all. About $2.8 billion of that would go to
extend the government's program of subsidized war-risk
insurance; it would also relieve passengers from paying
some of the additional security fees; and it would
reimburse airlines for about $900 million for new security
requirements like fortified cockpit doors.

But the biggest difference between the House and Senate
plans is that Senate Republicans agreed to incorporate part
of a proposal by Senator Patty Murray, Democrat of
Washington, to provide additional unemployment benefits for
laid-off airline workers and extra money to airports and
airlines for security improvements. Those items brought the
Senate plan's cost to $3.5 billion.

Regardless of the final details, Republican leaders in both
chambers appear set on passing slightly more than $3
billion in assistance. That is much less than the $15
billion in aid to airlines that Congress passed shortly
after Sept. 11, 2001.

It is also less than the airlines wanted. Earlier this
year, the Air Transport Association suggested reimbursing
airlines for about $4 billion in added security costs and
perhaps giving them a one-year holiday from $9 billion in
ticket fees and taxes that now go into a federal fund for
airport infrastructure and operations.

But the airlines were reluctant to ask for big loan
guarantees under the Air Transportation Stabilization
Board, which Congress authorized to provide as much as $10
billion in loan guarantees to airlines reeling from Sept.
11.

Airline executives would prefer to receive tax relief or
reimbursement for security costs that they would not have
to pay back.

http://www.nytimes.com/2003/04/02/business/02AIR.html?ex=1050294406&ei=1&en=6a42a1dd14f6ae5e



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