This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Air Security Efforts Could Pinch Passengers

Stocks in this article: LLL IDN IT

WASHINGTON ( TheStreet) -- President Barack Obama told Americans who was to blame for the Christmas Day air security lapse and how he intends to fix it. Consumers will figure out the cost soon enough.

Since the failed attempt to blow up Detroit-bound Northwest Airlines Flight 253, security has been tightened and Obama has called for increased intelligence sharing and analysis, and enhanced technology. The Transportation Safety Administration says 28 passengers were arrested between Dec. 27 and Jan. 3 after investigations of suspicious behavior or document fraud. There were also 24 checkpoint closures, terminal evacuations or breaches; 12 guns seized at checkpoints; and four "artfully concealed" contraband items.

A passenger in Miami who was pulled off a plane for saying "I want to kill all the Jews," a three-year-old whose Play-Doh was confiscated by the TSA in New Orleans; a lax security guard and kissing couple that shut down Newark Liberty Airport; and a German man who was detained in Stuttgart, Germany, for joking about a bomb in his underwear have each been treated with the same gravity. So who's most affected by this increased vigilance?

Airlines: Before the botched Christmas Day attack, it cost airlines $14 per flight and more than $100 million a year to transfer passenger information to the Department of Homeland Security and other authorities, according to the International Air Transport Association. With the Transportation Safety Administration implementing its Secure Flight passenger vetting system nationwide over the next few months and Washington calling for increased data sharing, that price tag may increase.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,678.70 +6.10 0.03%
S&P 500 2,057.09 +5.27 0.26%
NASDAQ 4,771.7630 +13.8840 0.29%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs