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The emerging deal to reopen the Strait of Hormuz reportedly recognizes Iran’s control—and the U.S. may have to accept it

2

How Scott Bessent used financial engineering to finance the $2 trillion deficit while leaving it untouched—and created a $1.45 trillion shortfall

3

The tables have turned: Florida and Texas are the biggest losers in the housing market as Ohio emerges a surprise winner
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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By
Chris Matthews
Chris Matthews
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April 1, 2016, 4:37 PM ET
US-AVIATION-AMERICAN AIRLINES
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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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