Biden to announce new rule requiring airlines to disclose "true cost" of plane tickets
CBSN
Washington — President Biden will announce a new initiative Monday that would eventually allow consumers to see a more complete price on airline tickets — including baggage and change fees — before they buy, as the White House continues to search for ways to lower costs for Americans amid persistently high inflation.
The White House says the proposed rule from the Transportation Department will prevent airlines from hiding the "true cost" of airline tickets, which would help consumers save money up front and encourage more competition among airlines to offer better fares. The requirement will apply not only to airlines directly but also on third-party search sites such as Kayak and Expedia.
Airlines made nearly $700 million on cancellation and change fees last year, according to the White House.
