I love when airlines offer guarantees. Alaska Airlines offers a 20 minute baggage guarantee, whereby your checked bag will arrive at the carousel within 20 minutes of the aircraft door opening, or else you get 2,500 Mileage Plan miles or a $25 voucher towards a future flight. But the best part is that I've never…
Continue reading: SpiceJet Introduces On-Time Guarantee
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LCC Wizzair offers an "insurance" against late arrival. http://wizzair.com/en-GB/travel_services/delay_warranty
Never seem to be worth it. Unless you are flying to BUD from London Luton... http://www.dailymail.co.uk/travel/article-2588209/The-Wizz-Air-Luton-Budapest-flight-NEVER-left-time.html
JetBlue already has a much better guarantee, and I can say from personal experience that they pay out on it automatically without customers even having to request credit, which is pretty impressive:
http://www.jetblue.com/p/about/ourcompany/promise/Bill_Of_Rights.pdf
I have also gotten paid out before on a flight delayed due to maintenance issues, which I could imagine some carriers claiming was not within their control.