00:00 It's Benzinga and here's what's on the block.
00:02 - Southwest Airlines will pay a $35 million fine
00:05 as part of a $140 million agreement
00:08 to settle a federal investigation
00:10 into canceling thousands of flights
00:12 and stranding over 2 million travelers
00:14 in December, 2022 over the holidays.
00:18 Most of the $90 million settlement
00:19 will go towards compensating future passengers
00:22 through travel vouchers and is the largest penalty
00:25 the US Department of Transportation
00:26 has ever imposed on an airline
00:28 for violating consumer protection laws.
00:31 In addition to the fine,
00:32 Southwest will get $33 million in credit
00:35 for compensation already provided to customers,
00:38 such as frequent flyer points worth $300 each
00:40 to affected travelers.
00:41 - For all things money, visit Benzinga.com.
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