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Exact(41)
Reduce industry costs, which rose by 7%, or £900m, last year.
Industry costs have become very, very expensive, and both government and companies need to work hard to tackle this".
The government restricted competition, and fares were fixed by the Civil Aviation Department (DAC), at a level designed to cover average industry costs, plus a 12% profit margin.
It warns that industry costs are a "major problem" and need to be reduced by up to 35 per cent to match competitor countries in Europe.
It would have "increased the industry costs by more than a billion a year, with a decrease in competitiveness," Mr. De Vroey said.
Walsh warned earlier this year that a global scheme would add around £3bn per year to industry costs, which would be passed on to passengers through higher fares.
Similar(15)
Rough estimates of the industry cost run beyond $200 million.
Britain's nuclear industry cost some £50 billion in total to build.
In a low-margin industry cost-cutting is helpful, but demanding consumers expect savings to be passed on.
In January, the United States withdrew duty-free treatment for Madagascar's garment industry, costing thousands of workers their jobs.
Samarium, used in magnets for items such as headphones and carbon arc lights for the film industry, cost $4.25-$4.25-$4.75is is $34-3534-35
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