The federal government must adopt bond-related policy changes and emergency provisions to keep the airport industry afloat, the American Association of Airport Executives said yesterday in a report by its energy and air service task force.

In a press conference, airport executives likened a looming air transportation crisis to the subprime mortgage meltdown, and outlined recommendations for a new energy and air service policy, as well as a set of emergency response recommendations that "should be implemented by government and industry in an immediate crisis situation caused by high energy prices in air transportation." The executives, however, stopped short of labeling the current air travel situation a crisis or emergency.

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