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BBCNEWS Business Today June 4, 2024 04:40:00

Was about holding airlines accountable, adding that passengers well, they shouldn t have to fight with the airline to get their money back. lufthansa and dutch flag carrier klm were both fined over $1 million each. south african airways was ordered to pay $300,000. germany s lufthansa said in a statement it had made all the required refunds, and blamed the historically unprecedented level of refunds during the covid 19 pandemic for the delay. the department of transportation, meanwhile, has launched a new dashboard in an attempt to put public pressure on airlines to address customer concerns. all of this has caused growth from the biden administration to cut back on so called junk fees. let s get some of the day s other news now. us court papers allege standard chartered escaped prosecution for money laundering after lord cameron s government intervened on its behalf in 2012. new documents filed to a new york court claim thousands of transactions worth more than $100 billion ....

South African Airways , Klm Royal Dutch Airlines , They Shouldn T , 1 Million , Department Of Transportation , Customer Concerns , Junk Fees , Standard Chartered , Money Laundering , Court Papers , New York , 00 Billion , 100 Billion ,

BBCNEWS Business Today June 4, 2024 04:39:00

But also to wave off some of the loans that will be maturing or are maturing. or are maturing. there is so much to or are maturing. there is so much to talk or are maturing. there is so much to talk about - or are maturing. there is so much to talk about here - or are maturing. there is so j much to talk about here and or are maturing. there is so i much to talk about here and it is an economy that is so interesting. thank you, amber shamsi. we will keep an eye on how that trip goes for pakistan s prime minister. three international airlines have been hit with fines for slow covid refunds. lufthansa, klm royal dutch airlines and south african airways face civil penalties totalling $2.5 million. 0ur north america business correspondent michelle fleury has the latest from new york. yes, the us department of transportation said today s action stems from extreme delays in refunds worth more than $900 million from lufthansa, klm, and south african airways. all of this related to covid 1 ....

Amber Shamsi , Prime Minister , South African Airways , Klm Royal Dutch Airlines , 2 5 Million , 5 Million , Michelle Fleury , Department Of Transportation , New York , North America , 00 Million , 900 Million , Pete Buttigieg ,

BBCNEWS Business Today June 4, 2024 01:33:00

Criticisms by the opposition party. in their manifestos they have promised to bring in more jobs and look at continuing the reform agenda and this election definitely would be a referendum on the economic push by the modi government. in the election, to this large extent was also marked by divisive speeches, high pitched campaigns, fake news and also concerns that this election was not as fair and equal as it should have been. thanks very much for should have been. thanks very much for getting should have been. thanks very much for getting us should have been. thanks very much for getting us off - should have been. thanks very much for getting us off to - much for getting us off to speed today, speaking us to live. you can get more reaction on our live updates on our website. there ll be a live update on our website later this morning so do check out bbc.com/news. now to the aviation sector because three international airlines have been hit with fines for slow covid refunds. luf ....

Opposition Party , Klm Royal Dutch Airlines , South African Airways , Bbc Com News ,

BBCNEWS Business Today June 4, 2024 23:33:00

Germany s lufthansa said in a statement it had made all the required refunds and blamed the historically unprecedented level of refunds during the covid 19 pandemic for the delay. the department of transportation, meanwhile, has launched a new dashboard in an attempt to put public pressure on airlines to address customer concerns. all of this has caused groh from the biden administration to cut back on so called junk fees. let s stay with the airline sector because industry bosses are gathered for their global summit in dubai where the crisis at boeing is high on the agenda. the trade body iata the international air transport association is predicting air passengers will hit a record of almost five billion this year beating a pre covid high with airline profits expected to climb over $30 billion for 202a. but they are worried about getting the new planes they need. boeing has yet to choose a new ceo after boss dave calhoun announced that he s stepping down at the end of the ....

Us Department Of Transportation , Industry Bosses , Customer Concerns , Junk Fees , Airline Sector , Airline Profits , Trade Body Iata , The International Air Transport Association , Five Billion , Dave Calhoun , Willie Walsh , 0 Billion , 30 Billion ,

BBCNEWS Business Today June 4, 2024 23:32:00

To the masses will be priority. now to the aviation sector because three international airlines have been hit with fines for slow covid refunds. lufthansa, klm royal dutch airlines and south african airways have all face civil penalties totalling $2.5 million. michelle fleury has the latest from new york. yes. the us department of transportation said today s action stems from extreme delays in refunds worth more than $900 million from lufthansa, klm and south african airways. all of this related to covid 19 flight changes and cancellations. now, on top of the refunds, the three airlines have already paid back, they now face a hefty fine. us transportation secretary pete buttigieg said this was about holding airlines accountable, adding that passengers, well, they shouldn t have to fight with the airline to get their money back. lufthansa and dutch flag carrier klm were both fined over $1 million each. south african airways was ordered to pay $300,000. ....

Klm Royal Dutch Airlines , Us Department Of Transportation , South African Airways , Michelle Fleury , New York , 900 Million , 00 Million , 2 5 Million , 5 Million , Pete Buttigieg , They Shouldn T , 1 Million ,