Not necessarily true - it depends on the integrity of the person who noticed the item! My wallet slipped from my back pocket without me noticing. The gentleman seated behind me noticed it sitting in the crease on my seat after I stood up; he pointed it out and asked, “Sir, is that yours?” Without his intervention, I would have most likely exited the plane unaware of the loss. There ARE still people of integrity, but sadly, there are a number who are lacking. There is no way to tell who found your item, or when. I found a slim silver laptop wedged under a seat on my last flight, and turned it over to a Flight Attendant before we departed the gate at Hobby, gate 23. Most likely, it was left by the person who last occupied that seat. By how it was positioned, it could have been there and gone unnoticed for several flights and the true owner may never be found, but I turned it in nonetheless.
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