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Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock

2

‘I want to die broke’: Billionaire philanthropist Denny Sanford dies after giving away $4 billion

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'Dr. Doom' Nouriel Roubini says we're headed for universal basic income or 'some form of socialism' as AI revolutionizes work—He calls that optimistic
American Airlines Group

American to Drop 24-hour Free Hold on Trip Reservations

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Chris Matthews
Chris Matthews
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Chris Matthews
Chris Matthews
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April 1, 2016, 4:37 PM ET
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If you want to reserve a flight on American Airlines (AAL), it’s going to cost you.

The nation’s largest airline is discontinuing an option that enabled customers to reserve a flight for 24 hours before paying, according to a report in USA Today.

Customers will still be able to purchase a ticket and then cancel the flight and receive a full refund if they do so within 24 hours of the purchase. American says that it is making the change in order to align its policies with other airlines, which offer no hold option. “We’re making the switch to minimize the customer confusion that arose sometimes because our policy was different from those of other airlines,” American Airlines spokesperson Joshua Freed told the paper.

The reason for offering these options at all, however, appear to be due to government regulations. Department of Transportation consumer protection rules require airlines to offer refunds within 24 hours of purchase for tickets bought more than a week in advance.

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