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Airlines snapping up EU emission allowances at bargain prices

LONDON, England - Some major carriers are taking advantage of EU carbon law by grabbing emission allowances at bargain prices, shoring up demand in a market that saw prices cut in half last year.

Travel picture looks different for low-cost carriers and major airlines

CHICAGO - Airlines reporting August passenger traffic so far are lining up in two camps: low-cost carriers like US Airways Group (LCC) say the picture is improving, but major international carriers, i