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Top US airline lobbyist says capping credit card interest rates at 10% could harm industry
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Top US airline lobbyist says capping credit card interest rates at 10% could harm industry
Mar 11, 2026 4:50 AM

ARLINGTON, Virginia Feb 19 (Reuters) - The head of the trade group representing ​major U.S. airlines said ‌Thursday a proposal to cap ⁠credit-card interest rates at ⁠10% could have massive ‌repercussions ‌for aviation and could lead to ​fewer passengers ‌and fewer airplanes.

"If they start capping credit cards ​at 10% ​or ‌start minimizing the small 2% fee that they get ⁠charged on the credit ⁠cards, it'll have a massive repercussion, economic effect across this industry," ⁠said ‌Airlines for America CEO ‌Chris Sununu at an ⁠aviation summit. President Donald Trump said on January 10 he was calling for a one-year cap on credit ​card interest rates at 10% starting on January 20.

(Reporting ​by David ‌Shepardson, Editing by ​Franklin Paul)

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