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Marketplace All-in-One

Keeping the mystery around airline ticket prices

Marketplace All-in-One

Marketplace

News, Business

4.51.4K Ratings

🗓️ 30 July 2024

⏱️ 8 minutes

🧾️ Download transcript

Summary

A federal appeals court has temporarily blocked new regulation that would have required airlines to disclose all their fees upfront so customers can better comparison-shop. The rule was scheduled to take effect in late fall. Now, its fate is up in the air. Then, we’ll hear how young Nigerians are responding to a cost of living crisis and what it costs to keep the International Space Station running.

Transcript

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0:00.0

The Airlines that prefer to keep the mystery in what goes into that ticket price.

0:06.0

I'm David Brancaccio in New York. Amid a lawsuit supported by Airlines,

0:11.0

Federal Appeals Court has temporarily blocked new regulations which

0:14.9

would have required the carriers to disclose all their fees up front so

0:18.8

customers could better comparison shop the rule was scheduled to take effect in late fall. Now its fate is up in the air.

0:25.2

Marketplace's Nova Safo has details.

0:28.0

The Biden administration issued the new regulations in April. Passengers were supposed to see all fees listed along with airfares displayed online.

0:36.2

The administration said this would save consumers more than $500 million a year.

0:40.6

But many airlines sued saying the Department of Transportation exceeded its authority

0:45.1

in issuing the regulation, and the Fifth Circuit Court of Appeals yesterday temporarily halted

0:49.9

the rule, saying the airlines are likely to prevail. The Transportation Department promised to continue to the The Fifth Circuit Court of Appeals, which issued the temporary injunction, is thought to be

1:04.4

among the country's most conservative. Its recent decisions include reversing expanded access

1:09.4

to abortion medication. The Supreme Court struck down that decision from the appeals court.

1:14.0

But the High Court itself has been skeptical of federal agency powers.

1:18.0

In its last term, it overturned a precedent known as the Chevron deference, which empowered agencies to more freely interpret their authority.

1:25.2

I'm Novisafa for Marketplace.

1:28.0

Following that global tech outage caused by crowd strike earlier this month, there's news Delta Airlines the hardest hit

1:34.4

carrier has hired a law firm to demand compensation from that Computer Security

1:39.0

Company Crowd Strike that made the mistake that caused 8.5 million Windows Computers to seize up around the world.

1:45.2

It may also go after Microsoft. Crowd strike stock is down 6.5% this morning.

1:50.3

Microsoft is down 2 tenths of a percent.

1:52.4

There's a new reminder today

...

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