Arnold: I was recently denied a seat on an airline flight for which I had a confirmed reservation, because the airline had overbooked the flight  Since I was forced to fly on the next available flight, which did not depart until two hours later, I missed an important business meeting  Even though the flight on which I had a reservation was canceled at the last minute due to bad weather, the airline should still pay me compensation for denying me a seat on the flight  Jamie: The airline is not morally obligated to pay you any compensation
Even if you had not been denied a seat on the earlier flight, you would have missed your business meeting anyway
even if the only reason the passenger is forced to take a later flight were that the original flight is canceled due to bad weather