A bill to provide certain financial and other protection to passengers holding unused tickets on an air carrier which has filed a petition under chapter 11 of title 11, United States Code.

Requires the Secretary of Transportation to establish a system whereby any passenger holding an unused ticket on any air carrier which has filed a petition for bankruptcy and has ceased service is provided air transportation on another air carrier on standby at its regular coach fare, with the passenger entitled to redeem the unused ticket as a credit toward the replacement fare.