Flying high

Rankings 2004

The US airline industry last month accused the Bush administration of recklessly driving up the cost of oil by buying unnecessarily large amounts of petroleum for the nation’s strategic reserves at a time when prices are already high.

James May, chief executive of the Washington DC-based Air Transport Association (ATA), the industry’s main lobbying group, last month wrote to Spencer Abraham, secretary of the US Department of Energy (DoE), voicing concern over the escalation in crude oil pric