More Posts On: Financial

30 Percent Gratuity: The New Default Tip at Restaurants?

Almost a year has passed since you were asked in this article as to whether a gratuity of 25 percent became the new default at restaurants — noting that during that time, the current 2019 Novel Coronavirus pandemic emerged with a vengeance — and many readers of The Gate weighed in with their opinions on this controversial topic…

…but in response to a photograph of a receipt which was featured in this article titled…

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Update of Flexible Cancellation Policies October 2020 With 24 Lodging Companies

The current 2019 Novel Coronavirus pandemic had decimated the travel industry as a whole in general earlier this year, which forced airlines, lodging companies, and rental car companies to relax many of their otherwise restrictive policies — and for several months as a result, 24 lodging companies around the world had significantly relaxed their typically restrictive policies pertaining to change and cancellation fees by suspending them on a temporary basis…

…but the flexible cancellation policies at…

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Warning: Flexible Cancellation Policies to Expire With These Lodging Companies — Unless…

The current 2019 Novel Coronavirus pandemic had decimated the travel industry as a whole in general earlier this year, which forced airlines, lodging companies, and rental car companies to relax many of their otherwise restrictive policies — and for several months as a result, 23 lodging companies around the world had significantly relaxed their typically restrictive policies pertaining to change and cancellation fees by suspending them on a temporary basis…

…but…

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Hawaiian Airlines Eliminates Change Fees Permanently — And Comparison Chart Update Between Five Airlines

Change fees have been eliminated on a permanent basis on all standard economy class tickets and premium class tickets for all domestic travel within the United States on all flights operated by Hawaiian Airlines effective as of today, Thursday, September 3, 2020 — which includes both revenue tickets and award tickets — and no limit exists as to how many times customers adjust their flights…

…but unlike the lead of United Airlines — which officially announced the elimination of change fees on Sunday, August 30, 2020 — and unlike similar policies which were announced by Alaska Airlines, American Airlines, and Delta Air Lines — change fees will also…

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Comparison At a Glance of Change Fees and Standby Fees of Legacy Airlines in the United States

Four airlines officially announced during the past few days radical changes pertaining to the elimination of change fees, standby fees, and same-day confirmed fees — as well as other changes — but what exactly does that mean when comparing those airlines?

First are some definitions of what each of those terms generally mean — they can vary from airline to airline — as the following fees are imposed when you change the flight you originally purchased on your ticket…

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Alaska Airlines Eliminates Change Fees Permanently — But…

Change fees have been eliminated on a permanent basis on all standard economy class tickets and premium class tickets for all domestic travel within the United States on all flights operated by Alaska Airlines effective as of today, Tuesday, September 1, 2020; and no limit exists as to how many times customers adjust their flights…

…but unlike the lead of United Airlines — which officially announced the elimination of change fees on Sunday, August 30, 2020 — and unlike similar policies which were announced by both American Airlines and Delta Air Lines yesterday, Monday, August 31, 2020 — change fees will…

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Delta Air Lines Eliminates Change Fees Permanently — But…

Change fees have been eliminated on a permanent basis on all standard economy class tickets and premium class tickets for travel within the United States — including Puerto Rico and the United States Virgin Islands but not including other territories of the United States — on all flights operated by Delta Air Lines effective as of today, Monday, August 31, 2020; and no limit exists as to how many times customers adjust their flights…

…but Delta Air Lines strangely threw a curve ball by…

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American Airlines Eliminates Change Fees and Standby Fees Permanently — Plus…

Change fees have been eliminated on a permanent basis on all standard economy class tickets and premium class tickets for all domestic travel within the United States — which includes Puerto Rico and the United States Virgin Islands but not including other territories of the United States — on all flights operated by American Airlines effective as of today, Monday, August 31, 2020; and no limit exists as to how many times customers adjust their flights…

……but unlike the lead of United Airlines — which officially announced the elimination of change fees yesterday, Sunday, August 30, 2020 — change fees will also…

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United Airlines Eliminates Change Fees and Standby Fees Permanently — Except…

Change fees have been eliminated on a permanent basis on all standard economy class tickets and premium class tickets for travel within the United States — including Puerto Rico and the United States Virgin Islands but not including other territories of the United States — on all flights operated by United Airlines effective as of today, Sunday, August 30, 2020; and no limit exists as to how many times customers adjust their flights…

…but the exception is that…

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Delta Air Lines Not Gushing About Its Oil Refinery Lately?

The price of crude oil has been substantially depressed in recent months as a result of the reaction to the current 2019 Novel Coronavirus pandemic, as a variety of factors — including the decreased usage of motorized vehicles and jet airplanes — contributed to lower demand for processed fuel.

One example of the decreased demand for fuel is the price of gasoline, which bottomed out in April of 2020, as the price for a barrel of crude oil dipped to historic low prices during that same month. As an example, the price for a gallon of gasoline was as low as 84 cents per gallon in Michigan — although the time when the price of as low as 79 cents for a gallon of gasoline was so brief that a timely article to highlight it here at The Gate was not possible.

Cheap fuel may be good news in the short term to the consumer who is conscious about cost — especially if he or she is one of the tens of millions of people who are currently unemployed in the United States — but it seems to not be good news for the oil refinery industry.

Delta Air Lines invested…

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