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Transcripts for BBCNEWS Business Today 20240604 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

Transcripts for BBCNEWS Business Today 20240604 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

Transcripts for BBCNEWS Business Today 20240604 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.

Federal regulators announce $2 5 million in fines for three airlines

Federal regulators announce $2 5 million in fines for three airlines
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Lufthansa made to pay $775 mn in US flight refunds

The US Department of Transportation said Monday that three airlines including German carrier Lufthansa have been made to pay over $900 million in passenger refunds due to pandemic-related flight cancellations or changes.

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