Carbon tax and Europe to dominate airline talks

The EU's implementation of new regulations imposing a tax on airlines based on their carbon emissions has resulted in a firestorm of litigation and international teeth-gnashing.  The EU's steadfast commitment to assess the tax also has led many to speculate that the system could set off a "trade war" among nations as they impose similar retaliatory fees on EU-based airlines that enter their airspace.

Money Morning submits: By Don Miller After barely scraping through a two-year recession and a global financial meltdown, the airline industry's struggle to sustain a turnaround is now being threatened by rising fuel prices and nasty winter weather.