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Prepare for higher airfares due to EU CO2 emissions scheme.
Lufthansa, the world's second largest long-haul carrier, announced that it faced 130 million Euros in extra expenses this year. In order to stop the global warming and the climate change EU has decided that planes landing and taking off in EU must account for their CO2 emissions.
Air line companies will have to pass this charge to the customers in the form of higher ticket prices.
Analysts say Lufthansa is among the airlines most affected by the scheme, along with other European network rivals British Airways, Air France, United Continental , and Singapore Airlines.
FRANKFURT/PARIS (Reuters) - Germany's Lufthansa <LHAG.DE> told passengers on Monday to brace for higher ticket prices as it refuses to shoulder the costs of a carbon trading scheme at the centre
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