Very good reply. But 350B in ticket sales and they still need 100B in public funds?! That’s my definition of broken! An industry that relies on taxpayer money to be safe instead of being able to inherently do it is broken to me. Imagine the car industry needing 25%of its net sales in public funding just to keep the wheels on safely…
350B in ticket sales per year. 100B over five years (20B per year) in public funds. That’s 5.7% (not 25%) to regulate the industry, upgrade existing systems and equipment, hire and train a large number of new air traffic controllers, and increase customer rights. Some of that is to catch up on stuff that we should have been funding all along but haven’t like hiring and training air traffic controllers.
IMO, this is a good thing and a worth-while expenditure.
Very good reply. But 350B in ticket sales and they still need 100B in public funds?! That’s my definition of broken! An industry that relies on taxpayer money to be safe instead of being able to inherently do it is broken to me. Imagine the car industry needing 25%of its net sales in public funding just to keep the wheels on safely…
350B in ticket sales per year. 100B over five years (20B per year) in public funds. That’s 5.7% (not 25%) to regulate the industry, upgrade existing systems and equipment, hire and train a large number of new air traffic controllers, and increase customer rights. Some of that is to catch up on stuff that we should have been funding all along but haven’t like hiring and training air traffic controllers.
IMO, this is a good thing and a worth-while expenditure.