In The News

Airlines Pocket a Record $38 Billion from Extra Fees

from CNBC

CNBC reports that ancillary revenue from changed reservations, checked baggage and other fees collectively reached $38 billion in June, an increase of 21 percent year-over-year. Domestic airlines as a whole collected $2.6 billion more than they did this time last year.

“The growth in revenue from these fees is staggering,” CNBC’s Phil LeBeau writes, noting that they amounted to little more than $2.45 billion just eight years ago.

READ THE ARTICLE FROM CNBC

Article summary written by U.S. Global Investors.

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