Europe is looking to rail to cut travel emissions, yet airlines still enjoy the tax breaks that help keep flights cheap. Rail, by contrast, is taxed and charged to use tracks, despite being the greener option. For the industry, that imbalance means airlines may keep winning on price until policymakers put climate goals above cheap tickets.
Booking Holdings CEO Glenn Fogel said the company would appeal the Spanish competition authority's $530 million draft decision if it becomes permanent.