RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
China’s Services Sector Posts Slowest Growth in Five Months as Demand Softens 
Magnum Audit Flags Governance Issues at Ben & Jerry’s Foundation Ahead of Spin-Off 
BOJ Governor Ueda Highlights Uncertainty Over Future Interest Rate Hikes 
Proxy Advisors Urge Vote Against ANZ’s Executive Pay Report Amid Scandal Fallout 
Tesla Faces 19% Drop in UK Registrations as Competition Intensifies 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
OpenAI Moves to Acquire Neptune as It Expands AI Training Capabilities 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
Rio Tinto Raises 2025 Copper Output Outlook as Oyu Tolgoi Expansion Accelerates 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
Australia Moves Forward With Teen Social Media Ban as Platforms Begin Lockouts 
Anthropic Reportedly Taps Wilson Sonsini as It Prepares for a Potential 2026 IPO 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
Microchip Technology Boosts Q3 Outlook on Strong Bookings Momentum 
American Airlines is paying passengers who said they were charged incorrect fees for their baggage. The airline has been sued for this and agreed to settle the class-action lawsuit by paying at least $7.5 million.
American Airlines was forced to face litigation for two years for this lawsuit after many passengers accused it of charging baggage fees against the airline’s policies. The case involves the collected fees in the period between 2013 and 2021.
As per Business Insider, five passengers complained that American Airlines did not honor its promise of allowing free checked baggage for some credit card holders, first-class passengers, and frequent flyers. The claimants said that by not honoring its pledge, the air carrier just breached its contract with passengers.
When they first filed the suit in February 2021, they said American Airlines "improperly charged" and forced them to pay baggage fees. Now the case has been settled, it was reported that the motion with the details was filed late last week in a Texas federal court.
The airline said it would distribute full refunds to valid claims and those who have filed the case. Based on the court documents available to the public, there is no limit on the amount the company will pay above $7.5 million.
"Rather than risk trial and appeal, which could lead to class members getting zero or less than-full compensation at an uncertain time later, the settlement gives every settlement class member a guaranteed opportunity now to get 100% compensation," part of the motion reads.
Moreover, aside from the refunds, American Airlines will also all the attorney’s fees and any administrative costs. At this time, the settlement is in a preliminary approval phase now.
This is the stage where the court will assess and determine if the settlement is fair and reasonable. The court will also check if the settlement terms are adequate then it will schedule a date for the final hearing.
Simple Flying reported that American Airlines was not able to give an immediate response when it was contacted for comments on the matter. Other media outlets said the air carrier’s spokesperson declined to give a statement.
