Airline fees create the 'billion-dollar club' for 10 carriers
The airline industry collects so much revenue from charges to check bags, reserve seats, buy food and connect to the Internet, among other things, that 10 of the world’s biggest carriers have surpassed the US$1b revenue mark solely from fees. A report by IdeaWorks, a consultant on airline revenue, concluded that 67 of the world’s biggest airlines generated a total of $40.5b from passenger fees and other ancillary revenue last year, up 6.5% from the previous year. The largest 10 airlines each pocketed at least $1b from such fees, the study found. “Now, the top 10 group is a billion-dollar club with annual ancillary revenue ranging from just over $1b to nearly $6.2b per airline,” according to the IdeaWorks’ report. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2016-09-26/general/airline-fees-create-the-billion-dollar-club-for-10-carriers
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Airline fees create the 'billion-dollar club' for 10 carriers
The airline industry collects so much revenue from charges to check bags, reserve seats, buy food and connect to the Internet, among other things, that 10 of the world’s biggest carriers have surpassed the US$1b revenue mark solely from fees. A report by IdeaWorks, a consultant on airline revenue, concluded that 67 of the world’s biggest airlines generated a total of $40.5b from passenger fees and other ancillary revenue last year, up 6.5% from the previous year. The largest 10 airlines each pocketed at least $1b from such fees, the study found. “Now, the top 10 group is a billion-dollar club with annual ancillary revenue ranging from just over $1b to nearly $6.2b per airline,” according to the IdeaWorks’ report. <br/>
