Delta Air Lines president Leo Mullin says the entire airline industry could go bankrupt if the government doesn't pick up costs for aviation security. Mullin advocates eliminating the $2.50 security fee per flight segment and added that Congress should pay this fee.

Mullin, in a speech at a lunch sponsored by the Aviation Security Alliance, said that revenue losses from new security restrictions, bulletproof cockpit doors, seats taken up by federal air marshals and the security fee cost Delta $670 million last year.

"The government will by default come to own the airlines," he said.

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