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U.S. presses airlines to better help stranded travellers

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As travellers right across the United States continue to face delays and disruptions at the airport, the government is pushing airlines to do more

Transportation Secretary Pete Buttigieg is urging the nation’s 10 largest carriers to do more, calling the level of disruption travellers have faced this summer “unacceptable.”

Buttigieg is warning the government is contemplating new rules that “would further expand the rights of airline passengers,” like requiring refunds for delayed baggage.

Buttigieg said 24 percent of domestic flights have been delayed in the first half of the year, and urged airlines to assess customer service plans to better help customers facing flight delays or cancellations.

He asked airlines, “at a minimum to provide meal vouchers for delays of 3 hours or more and lodging accommodations for passengers who must wait overnight at an airport because of disruptions within the carrier’s control.”

Trade group Airlines for America said in a statement (quote) “Airlines want travelers to have a safe, seamless and positive travel experience and are working toward that goal every day.”

As of now, U.S. airlines are not legally required to provide meals or hotel rooms amid flight disruptions.

The Transportation Secretary is facing pressure from U.S. lawmakers who want him to do more to force airlines to provide better service.

Airlines say they have voluntarily reduced flights to improve service, ramped up hiring and argue that inadequate air traffic control staffing has routinely impacted flights.

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Why the meme-stock frenzy is unlikely to repeat

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GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

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Why are airlines after the Biden Administration?

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Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

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The mounting pressure on Government spends

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Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending

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