![]() Ten airlines now guarantee meals, with nine guaranteeing hotel accommodations, when a delay or cancellation is the airlines, fault, according to the DOT.ĬNN’s Edward-Isaac Dovere, Chris Isidore, Gregory Wallace, Forrest Brown Gregory Wallace, Pete Muntean and Ray Sanchez contributed to this report. Expense accounts allow you to keep track of money that you no longer have. For instance, if you rent, the money moves from your cash account to the rent expense account. Seven of those airlines – including Southwest – changed their policies before they were posted, and two followed suit soon after. Expense accounts represent any money that you’ve spent. He put pressure on the CEOs in a letter, saying he would publish charts showing which airlines guaranteed which forms of compensation for canceled or delayed flights. The proposal from the Biden administration comes as Buttigieg fends off criticism over a chain of flight cancellations at the end of last year and beginning of this year, as well as what Buttigieg himself has called an “uptick in serious close calls” between planes landing and taking off.Īmid last summer’s flight cancellations, Buttigieg called CEOs of the 10 largest airline companies and pressed them on stress testing their schedule and improving customer service. ![]() The proposed rule would also establish what constitutes a “controllable cancellation or delay.” To record expenses in the financial statements, you would debit the expense account. ![]() Its good accounting, but its bad tax policy and can be changed. Mandates for such compensation policies already exist in Canada and the European Union, the official added. 1 day ago &0183 &32 But if a business spends money on a new office, it has to defer that expense over the useful life of the asset. No airlines currently provide cash compensation for preventable cancellations or delays, just one airline company guarantees frequent flyer miles, and two provide travel credits and vouchers, according to the official. “This rule would, for the first time in US history, propose to require airlines to compensate passengers and cover expenses such as meals, hotels, and rebooking in cases where the airline has caused a cancellation or significant delay.”īiden and Buttigieg will also announce that the department is launching an expanded Airline Customer Service Dashboard at, which shows which airlines “offer cash compensation, provide travel credits or vouchers, or award frequent flyer miles and cover the costs for other amenities,” according to the official. An expense report with receipts is used by businesses to document, approve, and pay the reimbursement of employee expenses. “When an airline causes a flight cancellation or delay, passengers should not foot the bill,” Buttigieg said in a statement. President Joe Biden and Transportation Secretary Pete Buttigieg on Monday will announce a proposal for a new rule that would examine mandating airlines to compensate and cover expenses for customers facing “controllable airline cancellations” or delays, according to a White House official. ![]()
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