Airlines Make Big Money With Baggage Fees
Lun, 05/18/2009 - 14:17 — efullerton
The airlines made our pretty well last year on fees associated with extra baggage. With reports suggesting that they made Billions of dollars on just fees associated with checked bags and that was just American and US Airways. Bloomberg News points out:
American Airlines and US Airways led U.S. carriers in pocketing a collective record $1.1 billion in bag fees in 2008 as they began charging to check luggage to defray jet-fuel costs. Industrywide collections more than doubled from 2007. Last year's total was the most since the agency started keeping track in 1990... 'These small fees really add up,' said Matthew Jacob, a Majestic Research analyst in New York. 'It helps, when you're in a competitive industry and demand is under pressure, to be able to squeeze revenues out of part of your business where you couldn't previously.'
American Airlines and US Airways led U.S. carriers in pocketing a collective record $1.1 billion in bag fees in 2008 as they began charging to check luggage to defray jet-fuel costs. Industrywide collections more than doubled from 2007. Last year's total was the most since the agency started keeping track in 1990... 'These small fees really add up,' said Matthew Jacob, a Majestic Research analyst in New York. 'It helps, when you're in a competitive industry and demand is under pressure, to be able to squeeze revenues out of part of your business where you couldn't previously.'
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