Airlines won’t say how much they make from unused flight credits, but potential automatic refunds could hurt their massive windfall.
Airlines may be on the verge of losing their fight against the Biden administration’s new promise of automatic refunds for canceled or delayed flights. On Tuesday, lawmakers relented to pressure following The Lever’s reporting on the matter and purportedly included a provision guaranteeing the refunds in a must-pass Federal Aviation Administration funding bill, which faces a looming Friday deadline.
How much might this new automatic refund guarantee cost the airlines?
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