[mailchimp_signup][/mailchimp_signup]Erodes profit, or makes profit? Now The EU-ETS could erode more than 30 percent from the struggling industry’s profitsTony Tyler, CEO of The International Air Transport Association (IATA), 14 February 2012 Then “The net financial impact on extra-EU flights may be slightly positive. “IATA study, 2007 (removed from IATA website) Emissions trading system is a "no brainer" because it "enables emissions reductions to be made at the lowest cost", allowing the industry to "maximise gain, and minimise pain".IATA study, 2001 (removed from IATA website) Distorting or not distorting? Now “Airlines, of course, also see (the EU-ETS) as a problem because it is introducing distortions into the market.”Tony Tyler, CEO of IATA, 17 February 2012 Then Emissions trading would have to apply to all airlines operating on a route or risk "potentially serious competitive distortions". IATA study, 2001 (removed from IATA website) International solution vs EU action Now The EU’s “unilateral approach must change,"Tony Tyler, CEO of IATA, 13 February 2012 Then "it is politically unrealistic to expect developing countries to accept an international aviation emissions commitment in the short term".IATA study, 2001 (removed from IATA website)