Refunding 222 million and fines of over 2.2 million. Think about that when their last reported funds were 674 million at end of 3rd Q 2022 of cash and cash equivalent. That is over 33% of funds on hand. Bad timing after coming away from the attempt to purchase Spirit Airlines. Hope they recover quickly from all these refunds and fines, might hurt a bit at this time of year.
Many passengers have been waiting for their refunds from flight cancellations and the DOT has taken a major step to returning that money.