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Stock impact report

Qantas agrees to pay $79 million in compensation and a fine for selling seats on canceled flights [Yahoo! Finance Canada]

QANTAS AIR LTD S/ADR NEW (QABSY) 
NASDAQ:AMEX Investor Relations: qantas.com/travel/airlines/investors/global/en
compensation and a fine for selling tickets on thousands of cancelled flights , the airline and Australia's consumer watchdog said on Monday. The Australian Competition and Consumer Commission sued the Sydney-based airline in the Federal Court last year. The commission alleged that Qantas engaged in false, misleading or deceptive conduct by advertising tickets for more than 8,000 flights from May 2021 through to July 2022 that had already been canceled. Qantas agreed to settle the suit by paying a AU$100 million ($66 million) fine to the Australian government and a projected AU$20 million ($13 million) to more than 86,000 affected customers. “Today represents another important step forward as we work towards restoring confidence in the national carrier,” Qantas chief executive Vanessa Hudson said in a statement. ADVERTISEMENT “When flying resumed after the COVID shutdown, we recognize Qantas let down customers and fell short of our own standards. We know many of our customer Show less Read more
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