On the matter of the stories in the market right now I think that the partial closures within the US government are very interesting. Last week we reported that the FAA has partially closed down and that US airlines are collecting taxes from bookings but are no longer paying the FAA. JetBlue has stated that passengers must apply to the IRS for a refund but is the only airline doing so. If the status quo continues it shows the inability of Capitol Hill to get its act together and collect taxes in the first instance – surely the very front

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