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Stock impact report

Biden to require airlines, travel sites to disclose all fees to air travelers [FOX Business Network]

United Airlines Holdings, Inc. (UAL) 
Last united airlines holdings, inc. earnings: 4/30 04:30 pm Check Earnings Report
US:NYSE Investor Relations: ir.united.com
The Biden administration is announcing a proposed rule that would require airlines and travel search sites to include all fees in airline ticket prices that are displayed to customers, as part of a broader federal effort to help consumers cope with rising inflation. The Department of Transportation (DOT) said President Biden will announce the initiative Monday afternoon at a meeting of the White House Competition Council. The Council is a response to rising prices that Republicans say are caused by excessive government spending and drastic COVID-19 lockdowns. The Biden administration blames the increases on "hidden fee practices" that "plague customers" in several industries. Travelers move through Salt Lake City International Airport, Salt Lake City, Utah, Tues. Aug. 17, 2021. (AP Photo/Rick Bowmer / AP Newsroom) "Airline passengers deserve to know the full, true cost of their flights before they buy a ticket," said Transportation Secretary Pete Buttigieg . "This new propose Show less Read more
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