July 7, 2010

U.S. airline flights stuck for at least three hours on airport tarmacs fell 86 percent in May, the first full month of a regulation that subjects carriers to fines for such delays. Five flights were delayed in May, down from 35 in the same month a year earlier, the Transportation Department said in a report posted on its website. A regulation pushed by Transportation Secretary Ray LaHood that began April 29 imposes fines as high as $27,500 for each customer when an airline fails to free passengers on domestic flights after three hours on an aircraft. So, do you think it’s a good idea to regulate corporations and their business practices?