• News Desk

U.S. WANTS AIRLINES TO MAKE COST OF FLIGHTS MORE TRANSPARENT


The White House plans to announce steps aimed at promoting competition in the U.S. airline industry and increasing transparency in pricing, a source said on Tuesday. The S&P 1500 airlines index .SPCOMALI, which includes large and small U.S. airline stocks, fell by nearly 2 percent and briefly turned negative in early afternoon trading. By late afternoon, it was up 1 percent. The source briefed on the matter said that the White House effort was aimed at ensuring that consumers had better information about air travel costs and airline performance. A Credit Suisse Research report said that the announcement also had to do with fee disclosures and access to airlines for disabled passengers.

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