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Stock impact report

From delays to refunds: how Australia's air passenger charter could affect your travel rights [Yahoo! Finance Canada]

QANTAS AIR LTD S/ADR NEW (QABSY) 
NASDAQ:AMEX Investor Relations: qantas.com/travel/airlines/investors/global/en
The omission of a compensation scheme in the government's draft aviation customer rights charter follows claims from airlines such as Qantas that compensation rules – which exist in the European Union – would force them to preempt costs and increase air fares. The charter was released on Sunday. When the government announced it would introduce an airline passenger charter of rights – to fall under a forthcoming industry ombuds scheme – it left open the door for the interim ombudsperson, Pauline Sullivan, to determine if a compensation scheme should be in the charter she was tasked with drafting. However, such a scheme is not included in the draft charter, which is now open for public consultation until the end of February. The omission means advocacy groups' longtime hopes for an EU-style compensation scheme for Australian passengers lie in the Coalition's “pay on delay” bill There have been mounting calls to introduce a compensation scheme modelled on EU laws. It is understo Show less Read more
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