{"id":54361,"date":"2023-08-29T09:35:01","date_gmt":"2023-08-29T13:35:01","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/american-airlines-fined-for-leaving-thousands-stranded-on-tarmac\/"},"modified":"2023-08-29T09:35:03","modified_gmt":"2023-08-29T13:35:03","slug":"american-airlines-fined-for-leaving-thousands-stranded-on-tarmac","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=54361","title":{"rendered":"American Airlines fined for leaving thousands stranded on tarmac"},"content":{"rendered":"
\n

American Airlines Group Inc. was fined $4.1 million for keeping thousands of passengers on the tarmac for hours without giving them a chance to deplane. <\/p>\n

American\u2019s stock
\n AAL,
\n -0.12%<\/bg-quote>
\n rose 0.4% in midday trading Monday, a mixed day for shares of U.S. airlines. The U.S. Global JETS exchange-traded fund
\n JETS
\n rose 0.8%. <\/p>\n

\n

The Department of Transportation said it was the largest fine levied against an airline for violating its tarmac-delay rule, which requires airlines to give fliers an opportunity to deplane in case of delays of three or more hours on domestic flights. <\/p>\n

The DOT said that American kept \u201cdozens of flights\u201d stuck on the tarmac for long periods of time without letting passengers off between 2018 and 2021. <\/p>\n

American Airlines said Monday that the delays were \u201cthe result of exceptional weather events,\u201d and the flights represented \u201ca very small number of the 7.7 million flights\u201d during the time period in question. <\/p>\n

\u201cWe have since apologized to the impacted customers and regret any inconvenience caused,\u201d the airline said in statement. \u201cAmerican has committed substantial time and resources to improve its performance on tarmac delays.\u201d <\/p>\n

Shares of American Airlines have gained 15% so far this year, matching the S&P 500 index\u2019s
\n SPX
\n advance in the same period. <\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

American Airlines Group Inc. was fined $4.1 million for keeping thousands of passengers on the tarmac for hours without giving them a chance to deplane. American\u2019s stock AAL, -0.12% rose 0.4% in midday trading Monday, a mixed day for shares of U.S. airlines. The U.S. Global JETS exchange-traded fund JETS rose 0.8%. The Department of […]<\/p>\n","protected":false},"author":1,"featured_media":6001,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-54361","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"\nAmerican Airlines fined for leaving thousands stranded on tarmac | iFintechWorld<\/title>\n<meta name=\"description\" content=\"American Airlines Group Inc. was fined $4.1 million for keeping thousands of passengers on the tarmac for hours without giving them a chance to deplane.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=54361\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" 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