The Center for American Progress and Climate Advisers released an analysis last week concluding that the European Union’s inclusion of airlines into its Emissions Trading System will increase airline profits. The report, Is the Sky Falling for Airline Profits in the European Union?, considers the EU’s recent insistence on applying a fee, based on greenhouse gas emissions, not only to EU-based airlines but also to all flights entering or leaving the European Union and to the emissions along the full length of each flight. The report found that EU airlines will profit more than non-EU airlines because they have more flights covered by the new policy, and that traditional hub and spoke airlines will profit more than other types because they have more operations covered by the policy.