It's an hour's delay and you'll be compensated for that, I've never heard of this before. Usually, in my country, if your flight is delayed they'll only apologize and no compensation or sort of freebies to be given.
How would this startup earn, what's their business model?
same question here,actually here apology from the airline company is the compensation you will only get and most of the time there is no even food and water that they offered in delayed flights.
this is interesting that we will be compensated just because our flight was delayed?
what kind of business is this and yeah the Model?
If they can offer a compensation also for just 1 hour it's not a bad offer even for an higher fee (no other one is offering this service) . If someone is a frequent flyer, I think it become a good chance for pocketing some extra easy money.
This is favorable specially to those flying from time to time in which also happen to experienced many delayed their entire life,even the fee is high but at least it can be covered once the flight is delayed specially now with pandemic that many of the flight are being delayed.