A Virgin Atlantic 787-9 at London Heathrow Airport. The airline has filed for Chapter 15 bankruptcy in the United States. (Photo: AirlineGeeks | James Dinsdale)

United Kingdom Releases 2018 Budget, Outlining Changes for Air Travel Industry

Earlier today, the United Kingdom's Chancellor, Philip Hammond, revealed the annual budget, set by Her Majesty's Treasury to outline the expenditure of the public sector. While many of the changes are expected to impact numerous industries, there were several changes in particular that will likely impact the number of passengers and expected revenue for the air travel industry. First, the Air Passenger Duty (APD) - a fee charged for passengers flying from a United Kingdom or Isle of Man airport…