Minnesota Senator Amy Klobuchar told Cheddar on Tuesday that Americans need cash from canceled flights to provide immediate relief, but airline executives have not responded to the call.
In a letter to 11 major airlines, nine Democratic senators, including Klobuchar, wrote "we believe your company has a moral responsibility to provide real refunds, not travel vouchers, to consumers, and to support State Department efforts to repatriate any American citizens trying to come home."
"We're waiting to hear back from them," Sen. Klobuchar said. "Obviously many of them have canceled fees and other things. Or they have proposed to give customers the ability to use it to buy another ticket in the future."
But with Congressional help, those senators think money should go back into the pockets of customers.
Klobuchar said "we think it is much more important to get the cash to the customer knowing that they're going to fly again when this is over" than to provide credits for travelers.
Last week, Congress passed a $2.2 trillion stimulus package that includes $25 billion in cash grants and $25 billion in loans to the airlines.
Her Democratic colleague Senator Elizabeth Warren wrote on Twitter "the airline industry got $25 billion to keep workers on payroll — but they're not the only ones hurting for money right now."
American Airlines said in a response that the "comprehensive travel waivers we've put in place are designed to meet the full range of our customers' needs."
President Joe Biden highlighted progress in chipping away at so-called junk fees as a “win for consumers” Thursday, as he met at the White House with executives from Live Nation, Airbnb and other companies that have taken steps to embrace more transparent pricing.
Ed Siddell, CEO and chief investment officer with EGSI Financial, joined Cheddar News to discuss Thursday's positive trading session in what Siddell called "a year of momentum" as investors continue to digest a heavy amount of news that includes monetary policy, inflation concerns, banking fears and some positive economic data.
Rivian is expanding into New York City and launching its first showroom there. Cheddar News took a look at the showroom in NYC that the company is calling "spaces," which is intended to be experiential retail locations to woo new customers.
Rebecca Walser, certified financial planner and wealth strategist, offers tips on how to avoid money mistakes, develop healthy spending habits, and pay off debts.
The U.S. Department of Agriculture said Wednesday it hopes to weed out false or misleading animal-welfare claims on meat and poultry packaging with new guidance and testing.
