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I showed up an hour before boarding, checked in with two other people, one of whom checked in after me, then discovered that I was the only one of us three who was getting bumped.
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If you show up at the counter one hour prior to boarding, yea you're late. That's also the reason why I asked if he purchased his own ticket or was he placed on another airline's flight. If you're an oversold passenger the airline is required to compensate you with a new, confirmed flight (either on their own flights or another airline), either a cash payment or electronic voucher, and if necessary a hotel if you have to overnight. There's no indication that the op received any of that, so we can assume he showed up late for the flight and using the oversold argument as an excuse for his own lateness. It's happened more than once on this site.