15:50:03 EDT Mon 06 May 2024
Enter Symbol
or Name
USA
CA



Air Canada
Symbol AC
Shares Issued 358,475,943
Close 2024-04-24 C$ 19.93
Market Cap C$ 7,144,425,544
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Globe/AP say Air Canada sees U.S. get tough on refunds

2024-04-25 08:32 ET - In the News

Also In the News (C-ONEX) Onex Corp
Also In the News (C-TRZ) Transat AT Inc

The Globe and Mail reports in its Thursday edition that the Biden administration issued final rules Wednesday to require airlines to automatically issue cash refunds for things such as delayed flights and to better disclose fees for baggage or cancelling a reservation. An Associated Press dispatch to The Globe quotes the U.S. Transportation Department saying airlines will be required to provide automatic cash refunds within a few days for cancelled flights and "significant" delays. Under current regulations, airlines decide how long a delay must last before triggering refunds. The administration is removing that wiggle room by defining a significant delay as lasting at least three hours for domestic flights and six hours for international ones. Airlines still will be allowed to offer another flight or a travel credit instead, but consumers can reject the offer. The rule will also apply to refunds of checked-bag fees if the bag is not delivered within 12 hours for domestic flights or 15 to 30 hours for international flights. It will also apply to fees for things such as seat selection or an Internet connection if the airline fails to provide the service. Complaints about refunds skyrocketed during the COVID-19 pandemic.

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