Bumped airline passenger payments get a bump
These new rules may be just the kick in the rear that airlines need to stop overbooking on so many flights. Hitting the wallet of a company has long proved to be the impetus needed for change. Unfortunately these increased penalties for overbooking may have a negative affect. Cash strapped airlines may go out of business if they have to start shelling out double for overbooking. If we loose too many competitors then decreased competition coupled with high oil prices could relegate air travel back to the elite!
I'm certainly not advocating for airlines to get off scott free. I have spent a fair share of time stuck in O'hare airport due to cancellations and overbookings. If I am traveling alone or not in a hurry I would definitely sit for several more hours for a couple hundred bucks, provided I can find a power outlet and wifi. Now if only the Department of Transportation could work out a passenger bill of rights.