Tags: airline | checked | bag | fee

Airline Checked Bag, Reservation Change Fees Balloon to $1.6B

Monday, 22 Jun 2015 12:48 PM

U.S. airlines continue to collect record fees from passengers who check suitcases or make changes to their reservations. In the first three months of this year, airlines took in $1.6 billion in such fees, up 7.4 percent from the same period last year.

That's the highest amount for the first quarter since bag fees started in 2008, according to data from the Bureau of Transportation Statistics. Those months are traditionally the slowest for air travel.

These add-on charges, along with falling jet fuel prices, helped airlines post a combined $3.1 billion in profits during the first quarter. That was a net profit margin of 8 percent, a significant jump up from the 1.3 percent margin in the year before.

© Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

 
1Like our page
2Share
US
U.S. airlines continue to collect record fees from passengers who check suitcases or make changes to their reservations. In the first three months of this year, airlines took in $1.6 billion in such fees, up 7.4 percent from the same period last year.That's the highest...
airline, checked, bag, fee
119
2015-48-22
Monday, 22 Jun 2015 12:48 PM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved