Peabody award–winning journalist Andrea Bernstein is Senior Editor for Politics & Policy for WNYC News. She has previously served as Metro Editor, Political Director, Director of Transportation Nation, and Senior Reporter.
Feds: Airlines Collect $1.4 Billion in Baggage and Reservation Change Fees
Thursday, May 17, 2012 - 12:46 PM
As part of their fourth-quarter revenue, airlines collected $792 million in baggage fees and $567 million in reservation change fees from October to December 2011. That's down slightly from the third quarter, though it's still a big number.
Overall, airline profits in the fourth quarter of 2011 are down from the fourth quarter of 2010, with a 1.5 percent profit margin compared to 3.2 percent a year earlier, the federal Bureau of Transportation Statistics reported today.
The BTS notes that "other fees, such as revenue from seating assignments and on-board sales of food, beverages, pillows, blankets, and entertainment are reported in a different category with other items and cannot be identified separately."