Virgin Atlantic CEO says UK budget is ‘tax on growth' with air duties set to rise [CNBC]
Delta Air Lines, Inc. (DAL)
Last delta air lines, inc. earnings: 4/22 07:00 am
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Source: CNBC
Air Passenger Duty, generally passed on to consumers by airlines, will increase on short-haul economy class tickets to £15 from £13 from April 2026, with the rate on all other classes rising to £32 from £28. The head of the Confederation of British Industry also on Monday said that businesses were putting off decisions on expansion and investment in the wake of the budget, which came shortly after Labour announced a slew of labor market reforms. LONDON – Virgin Atlantic CEO Shai Weiss on Monday said the U.K. Labour government's landmark October budget presented a “tax on growth” due to higher rates placed on the aviation industry. Weiss said during the Airlines 2024 conference in London that both Labour and the previous Conservative administration had “not done enough to recognize aviation as a strategic asset” for the U.K. “All we've seen is an increase on Air Passenger Duty,” Weiss said. Air Passenger Duty (APD) is levied on airlines and aircraft operators on a per-passenge
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DAL
Earnings
- 10/10/24 - Miss
DAL
Sec Filings
- 11/22/24 - Form 4
- 11/21/24 - Form 144
- 11/20/24 - Form 8-K
- DAL's page on the SEC website