The Air Transport Association of America (ATA), the industry trade organization for the leading U.S. airlines, yesterday won the Public Relations Society of America’s prestigious Silver Anvil Award for its successful efforts to expose rampant oil speculation in the commodities futures markets.
“The Air Transport Association is proud to receive the Silver Anvil Award for last summer’s campaign to stop excessive oil speculation and reduce record-high fuel prices,” said ATA President and CEO James C. May. “We hope that this recognition will help drive further commodities-trading reforms as oil prices yet again rise to levels wholly disconnected from the fundamentals of supply and demand, hurting all consumers. We are deeply concerned that a failure to address the dangerous role that excessive oil speculation is playing again in driving skyrocketing oil prices will inevitably derail the nation’s economic recovery.”
Last summer, ATA formed the multi-industry Stop Oil Speculation Now coalition, including 85 businesses, associations, and labor groups in the agriculture, aviation, energy, mass transit, travel and trucking industries. The coalition’s public criticism of rampant oil-market speculation helped pop the oil price bubble, saving the public billions of dollars in fuel, and reducing gas and heating oil prices nationwide.
ATA received the award in the category of public affairs at a PRSA ceremony on June 4 in New York. The PRSA Silver Anvil is awarded annually to organizations that have successfully addressed contemporary issues with exemplary professional skill, creativity and resourcefulness.
ATA airline members and their affiliates transport more than 90 percent of all U.S. airline passenger and cargo traffic. For additional industry information, visit www.airlines.org.