U.S. imposes $2.5-million in airline penalties over delayed COVID-19 refunds [Globe and Mail, The (Toronto, Canada)]
![Globe and Mail, The](../../../Content/images/providers/Globe and Mail, The.png)
DEUTSCHE LUFTHANSA S/ADR (DLAKY)
NASDAQ:AMEX Investor Relations:
investor-relations.lufthansagroup.com/en.html
Company Research
Source: Globe and Mail, The
against Lufthansa, Air France unit KLM Royal Dutch Airways and South African Airways. The civil penalties, the department said, are for significant delays in providing more than $900-million in refunds owed to passengers due to flights disrupted by the COVID-19 pandemic and after thousands of airline customers were forced to wait months. Of the $1.1-million penalties imposed on KLM and Lufthansa, each carrier was credited $550,000 for refunds for non-refundable tickets on U.S. flights. In 2022, Transportation Secretary Pete Buttigieg said the U.S. government had completed 10 airline investigations into delayed pandemic passenger refunds and that 10 more were pending. In 2020, thousands of refund requests from Lufthansa passengers on U.S. flights took longer than 100 days to process. Lufthansa said in a statement it has made all required refunds and the “delay in payment sanctioned by the USDOT is solely due to the historically unprecedented level of refunds during the COVID pa
Show less
Read more
Impact Snapshot
Event Time:
DLAKY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
DLAKY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
DLAKY alerts
High impacting DEUTSCHE LUFTHANSA S/ADR news events
Weekly update
A roundup of the hottest topics
DLAKY
News
- Lufthansa to add environmental charge to fares [Yahoo! Finance]Yahoo! Finance
- German airline Lufthansa hikes ticket prices by up to $77 due to environmental costs [MSNBC.com]MSNBC.com
- German airline Lufthansa hikes ticket prices by up to $77 due to environmental costs [CNBC]CNBC
- Lufthansa launching new subsidiary airline despite no labour deal [Yahoo! Finance]Yahoo! Finance
- Lufthansa Group airlines to add environmental fees to tickets in 2025 [Yahoo! Finance]Yahoo! Finance