H.R. 4193: Time is Money Act

This bill, known as the Time is Money Act, intends to modify existing regulations regarding flight delays by changing the definition of what constitutes a "significantly delayed or changed flight." The key features of the bill include:

Reduction of Delay Thresholds

The Secretary of Transportation is required to amend current regulations within 180 days of the bill’s enactment. Specifically, the bill proposes to:

• Reduce the threshold for a significantly delayed or changed flight for domestic itineraries from 3 hours to 2 hours.
• Adjust the threshold for international itineraries from 6 hours to 5 hours.

Purpose of the Changes

The changes aim to provide passengers with clearer guidelines and potentially enhanced rights in the event of delays. By redefining what constitutes a significant delay, the legislation seeks to address passenger frustrations and expectations regarding travel timelines.

Implementation Timeline

The bill establishes a 180-day timeframe from the date of enactment for the Secretary of Transportation to implement these regulations. This timeline is meant to ensure a prompt transition to the updated standards for flight delays.

Impact on Airlines and Passengers

With the new threshold definitions, airlines may need to adjust their policies and procedures regarding compensation and customer service for disrupted flights. Passengers may benefit from the strengthened criteria for what is considered a significant delay, possibly ensuring they receive timely assistance and compensation.

Relevant Companies

• UAL - United Airlines: Likely to be impacted due to operational adjustments needed to comply with new delay definitions.
• DAL - Delta Air Lines: As a major airline, it will have to adapt its policies related to flight delays and customer compensation.
• AAL - American Airlines: Will likely face changes in managing customer service expectations and regulatory compliance with the new delay thresholds.