The "Flight Refund Fairness Act" aims to ensure passengers receive timely refunds for flights that are cancelled, significantly delayed, or changed. It amends title 49, United States Code, to establish clear deadlines for the transfer of funds between air carriers and ticket agents, ultimately benefiting consumers. Specifically, the bill mandates that air carriers transfer refund funds to a ticket agent no later than the date they are required to provide refunds directly to passengers. Subsequently, ticket agents must issue these refunds to individuals within seven days of receiving the funds from the air carrier, replacing the previous "promptly" requirement with a concrete timeline.