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Stock impact report

Airlines snap and sue the U.S. Transportation Department over mandated fee disclosures: ‘A bad solution in search of a problem' [Fortune]

JetBlue Airways Corporation (JBLU) 
Last jetblue airways corporation earnings: 1/23 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.jetblue.com/investor-relations
Company Research Source: Fortune
The DOT mandate finalized on April 24 would require travel agents and airlines to disclose upfront if customers are going to be charged for reservation changes, flight cancellations, or baggage-check fees. Airlines would also have to show any extra costs on the web page where they show price quotes for flights. The rule would help save airline customers over $543 million annually, according to the DOT, and is scheduled to go into effect on July 1 U.S. airline lobbying group Airlines for America and airlines United, American, Delta, JetBlue, Alaska, and Hawaiian filed the lawsuit challenging the rule on Friday at the 5th U.S. Circuit Court of Appeals. It argues that the rule “exceeds the Department's authority” and “that it is arbitrary, capricious, an abuse of discretion, and otherwise contrary to law.” Airlines for America argued the agency's mandate will “greatly confuse consumers who will be inundated with information that will only serve to complicate the buying process,” the Show less Read more
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