The Directorate General of Civil Aviation (DGCA) has introduced a new directive that could impact flight ticket prices, making them more affordable for some passengers while potentially increasing costs for others.
european markets fell. the ftse down more than 2%. dax down more than 3%. no surprise, folks. dow futures are down this morning. now to preday on wall street. a 2.4%. the european debt crisis weighs heavily on investors minds and wallets. the only one to finish on the up side, walmart. amanda knox and her family are expected to return to seattle as early as today. knox broke down in tears after a jury overturned her murder conviction yesterday for the stabbing death of her british roommate meredith kercher four years ago. appearing dazed, knox had to be helped from the courtroom after this verdict was read. her italian boyfriend cleared of murder charges. knox s sister told reporters her family is thankful. we are thankful for the support we have received from all over the world. people who took the time to research the case and could see that amanda and travrafaefaello innocent. they spoke but about her acquittal and say meredith is the forgotten person. our senior in
the travel agent sites and the airlines where they ve got the actual baggage charges. so it makes it a lot more difficult for consumers to compareรง prices. and the technology already exists, but the department of transportation decided they didn t know quite enough about it so they re going to rework this and look at it again before the end of the year. you re one tough customer, charlie. if you see good things in this, that is a good sign. this limit on the $1330 for being bumped, that s significant. i think it was a couple hundred bucks in the past when you were bumped. the biggest difference is the airlines have to tell passengers exactly what their rights are and they are an option of getting $1330. in the old days they would kay we ll give you a coupon for $400 and able would say, i ll take that. now if you can get $1300, it might change your response. yes, i have fallen for the old coupon trick.
june. high fuel prices aren t the only thing cutting to the carrier s bottom line. qantas said profits have been hit by several events in the last year. you might remember this one, rolls royce engine failure in qantas a-380 jumbo jet is expected to cost $25 million in the second half. there s the national disasters, the queensland floods and the earthquake and tsunami in japan. these will cost qantas a total of $140 million mainly because passengers don t want to fly to these areas. in response, the airline is making sweeping cuts and that means trimming domestic and international capacity, adding fuel surcharges, cutting management head count, and flying fewer routes to disaster-affected areas like christ church and ja papan. they may be adding baggage charges as well. all of the issues having repercussions for qantas
if anyone has an airline ticket they can look at the bottom of the airline ticket and see exactly who pays that tax. you do. okay. because that comes there. so if we end up raising taxes on let s say baggage charges and so on, yes, it will raise some money for the faa and for d.o.t. and the government, but on the other hand it s not raising it from the airlines, it s raising it from the passengers. yeah. you know, charlie, the wall street journal interviewed ata airlines who defends these extra fees and says we re doing allah cart pricing and compares it to a fully loaded pizza versus if you want to buy pepperoni. you re able to go to discount carriers and add on what you want. do you think that makes sense? well, you know, i think it makes sense and i m not going to argue with the airlines. i ve been arguing with them for years, but if that s the way they want to set up their model of making money, fine. but where my real problem is