Qantas Settles COVID Flight Credit Lawsuit

0:00This is Corey, here with your quick two-minute update from Adelaide News Today. Quantus has agreed to pay $105 million to settle a class-action lawsuit over its handling of COVID-19 flight credits. The airline faces claims it failed to properly refund customers for cancel flights from early 2020 through November 1st, 2020. 22. No liability is admitted, and the deal still needs approval from Australia's federal court. The suit accused Quantus of breaking consumer laws by not issuing quick refunds and holding onto customer money instead. Quantus pushed back hard at the time, saying it had already refunded over $1 billion to affected passengers. Shareholders shrugged off the news with Quantus stock dipping just a fraction when trading open Friday. The airline had set aside funds for this earlier, so the extra cost won't hit its core earnings in the second half of the financial year. Quantus also ranked campaigns urging customers to use credits rather than cash them in. But by August 2023, its scrap expiry dates on pandemic credits, letting people request refunds

1:05any time. This settlement wraps up a long-running dispute, giving closure to thousands of impacted flyers while Quantus moves forward without owning up to. Wrongdoing. DNN is brought to you by our sponsor link in the description. When you want calm, do not reach for your phone. Lay back and listen, S-O-L-I-SOLY-PILLOW.com