Latest news with #checkedbags
Yahoo
3 days ago
- Business
- Yahoo
U.S. airlines made over $7.2 billion in checked bag fees in 2024
Checked bags are a big business for U.S. airlines, bringing in more than $7 billion in revenue last year, according to data from the Bureau of Transportation Statistics. The fees have brought more revenue to the airlines than it ever had prior to the pandemic, the data shows. Airlines began shifting their checked bag policy in recent years to keep up with what they say are rising operational costs, including higher prices for fuel and increased wages. Most recently, Southwest Airlines announced it will start charging $35 for the first checked bag — after more than 50 years of only charging for a third bag. Changes at Southwest came amid mounting pressure from activist investors to improve its financial performance. The airline in September predicted that new fees would lead to $1.5 billion a year in revenue. Last year, JetBlue brought Uber-style surge pricing to bag-check fees, making it more costly to check luggage during peak travel periods. American Airlines also increased its fees in 2024 from $30 to $35 for the first checked bag. Breaking down the revenue from checked bags for U.S. airlines Checked bags brought in about $7.27 billion in revenue last year for Alaska Airlines, Allegiant Air, American, Breeze Airways, Delta Air Lines, Frontier Airlines, Hawaiian Airlines, JetBlue, Silver Airways, Southwest, Spirit Airlines, Sun Country and United Airlines, according to the government's data that was last updated on May 6. That is up from $7.07 billion in 2023, Bureau of Transportation Statistics' data shows. In 2022, U.S. airlines made over $6.7 billion in bag fees, another major jump from the $5.3 billion made in 2021. American, Delta and United — the three largest U.S. airlines — made over $1 billion each last year on checked bags — and their revenue from it has been climbing since the COVID-19 pandemic halted air travel in 2020. When the pandemic hit, total checked bag revenue plummeted to $2.84 billion in 2020, down from $5.76 billion in 2019. The wonderfully weird world of artist Luigi Serafini Fans turn out for estate sale at home of Tom Petty Dozens killed in attack near Gaza aid delivery point, witnesses blame IDF, Israel denies involvement 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤
CBS News
27-05-2025
- Business
- CBS News
Southwest sets its first checked bag fee, starting at $35
After more than 50 years, Southwest Airlines' "bags fly free" policy is finally coming to an end. Southwest on Tuesday announced the first checked bag will cost $35, while a second checked bag will cost $45. The policy will begin tomorrow, when some passengers may be subject to a checked bag fee when booking a flight on the discount carrier. The new policy only applies to flights booked on May 28 or later, which means today is the last day to book if passengers want to avoid the new fee. There are, however, some carve-outs to the new policy: Business Select/Choice Extra and A-List Preferred customers will receive two free checked bags, while A-List and Chase Rapid Reward credit card members will get one free checked bag. Southwest announced the end of its free bag check policy in March amid mounting pressure to improve its financial performance. The airline also said last year that it would start selling assigned seats, a major departure from its longstanding open seating policy.
