Lawmakers are considering rolling back an Obama-era rule that requires airlines to show the total price of a ticket upfront in advertising, while also tweaking training requirements for airline pilots and making other changes in a massive bill covering the Federal Aviation Administration.
On Friday, Republicans and Democrats on the House Transportation Committee released a 773-page proposal to reauthorize FAA programs for the next five years.
Rep. Rick Larsen, D-Wash., described the proposal as a compromise and said many issues could still be fought out when congressional committees begin considering changes in the legislation next week.
One provision of the House bill would let airlines advertise the “base airfare” — excluding taxes and fees — as long as they include a link to the all-in price or disclose it some other way. That would weaken an Obama administration rule that airlines have long fought to kill, and consumer advocates are unhappy about the House move.
“These protections were hard fought and took years to enact,” said William McGee, an aviation expert at the American Economic Liberties Project. “Any consumer can tell you that online airline bookings are confusing enough. The last thing we need is to roll back an existing protection that provides effective transparency.”
The House committee leaders also propose to let people become airline pilots with less time in the cockpit. The bill would not change the requirement for 1,500 hours of training, but it would allow 250 hours — up from the current 100 hours — to occur in simulators rather than flying a plane.
Airlines, particularly the smaller ones that operate regional flights, have long fought against the 1,500-hour rule, which already has exemptions that let military pilots and graduates of some aviation schools qualify with fewer hours. The rule was put in after a 2009 crash that killed 50 people.
Garth Thompson, head of the Air Line Pilots Association unit at United Airlines, said it is “a horrible idea" to weaken the rule.
“That rule, like so many federal aviation regulations, is written in blood, literally,” Thompson said. “That regulation came about because of the Colgan Air crash and other crashes that involved experience issues.”
Asked about changes in airfare advertising and pilot training, Larsen said, “It's something we can live with.” The change in pilot training rules, he said, is a priority of the Transportation Committee's Republican chairman, Sam Graves of Missouri, and both sides had to compromise during drafting of the bill.
Elsewhere in the bill, Larsen said, Democrats were able to include provisions they wanted, such as those covering wheelchair accessibility.
The bill also includes provisions aimed at improving airport infrastructure and the supply of sustainable aviation fuel. It would require airline planes to be outfitted with better cockpit voice recorders and, for the first time, cockpit video recorders to improve accident investigations. Pilots have opposed the video recorders.
Some other contentious topics were left out, including raising the mandatory retirement age of 65 for pilots and easing restrictions on flights from Reagan Washington National Airport in northern Virginia.
Memorial Day rang in the unofficial start of summer here in the United States -- and with it, the unofficial start of summer travel. Whether consumers traveled by air or by land, they probably experienced some form of frustration over the weekend. Flyers faced delays and cancellations, and drivers faced the most expensive gas prices ever recorded on Memorial Day. Zach Griff, Senior Aviation Reporter for the Points Guy, joins Cheddar News' Closing Bell to discuss.
Next-generation gaming ecosystem Joystick recently raised $8 million in a seed round and is in the process of raising a $110 million Series A funding round. Gaming ecosystems are a relatively new type of platform in the Web3 space, allowing users to maximize their play-to-earn gaming opportunities, exchange crypto-currencies, and sell their digital assets. Joystick says its platform is flipping the current model on its head by giving players the opportunity to keep 100% of the revenue they earn. Robin Defay, co-founder and CEO of Joystick, and Michael Le, co-founder of Joystick and TikTok content creator, join Cheddar News' Closing Bell to discuss.
Abe Stein, Head of Innovation at Sports Innovation Lab, joins Cheddar News' Closing Bell, where he explains why the top four spots on his company's 2022 list are European soccer clubs and discusses Sports Innovation Lab's plan to publish data on women's pro sports teams in the not-too-distant future.
Joel Birch, Co-Founder and CEO of Stacked, joins Cheddar News' Closing Bell, where he explains why he doesn't see any new catalysts that would lead to a Bitcoin rally at the moment. He also reiterates that now is a good time for long-term Bitcoin investors to buy low.
The dating app Bumble has sponsored bills and pushed lawmakers to criminalize the online practice of sending unsolicited nudes or “cyberflashing." Payton Iheme, Bumble's head of public policy for the Americas, joined Cheddar News to discuss why the app was going after the harassing behavior beyond its own platform. "Now, while we went to work internally in the company, and we created something called private detector to automatically blur those images so the user can decide if they want to see them, there's nothing for the rest of the internet," she said. "And so that's why we went to work with these laws."
The holiday weekend saw Disney+ and Netflix competing head-to-head for streaming views as the Disney behemoth kicked off the unofficial start to summer with its release of "Obi-Wan Kenobi" and Netflix responded with the first part of "Stranger Things" Season 4. The streaming giants caught the eye of Wall Street, and Seth Schachner, the managing director at consultancy Strat Americas, joined Cheddar News to break down the heavy hitters. "This is a very tough, competitive game, and I don't see it getting any easier," he said. "I think you'll probably see more consolidation."
Amid high inflation, shoppers are pinching their pennies in the grocery stores and becoming more frugal when food shopping. However, supermarkets like Kroger are pushing back against passing on the higher costs and demanding reasons for the higher food prices from suppliers.
The founder and president of Cyborg Mobile Kobie Hatcher has been on a strong trajectory to disrupt his industry with a program called The New Technologists. It's not only meant to address the diversity gap within large tech companies but also help pave the way to transform the lives of young BIPOC students. He joined Cheddar News to talk about how he's working to make a difference with the lack of diversity in tech. “There's truly no lack of talent out there. It's just identifying them and letting them know that, hey, I've been in the tech sector for over 20 years. I see you. I know what you can bring, bring it, we need it," Hatcher said.
