00:00It's Benzinga bringing Wall Street to Main Street.
00:02President Donald Trump's administration is moving to eliminate rules requiring airlines
00:06to compensate passengers for non-weather-related delays and cancellations, and according to
00:10Bloomberg, the agency plans to withdraw a Biden-era proposal that would have mandated airlines
00:14pay passengers at least $200 for domestic delays of three hours or more, with fines
00:19scaling up to $775 for longer disruptions.
00:23Airlines for America, the leading industry lobbying group, praise the rollback,
00:26calling the compensation rules burdensome and beyond statutory authority.
00:30Biden administration promoted the airline compensation rules as a game-changer for travelers
00:34facing delays from airline computer system disruptions.
00:37The Department said it will enforce only aviation consumer protections mandated by Congress.
00:42For all things money, visit Benzinga.com.
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