Even though opinions have moderated in the EU regarding the effect the IRA will have on European companies, some officials still warn that parts of the law are discriminatory.
More carriers are flying with the latest-generation turbines that — while as much as 20% more fuel efficient — also have been prone to far more frequent maintenance cycles than their more robust predecessors.
The EU is still working through how to respond to Biden’s huge climate law, the Inflation Reduction Act (IRA), which will offer as much as $369 billion in handouts and tax credits over the next decade.
The sober forecast echoes the outlooks of Walmart Inc., Target Corp. and Home Depot Inc., which all emphasized uncertainty around consumer spending and the U.S. economy.