Annoying airline fees mean big business
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No one likes paying extra fees when flying but airlines are raking in big bucks from ancillary revenue.
According to a new survey by CarTrawler and IdeaWorksCompany, last year airlines took in $31.5 billion from extra fees, that’s up nearly 1200% since the survey’s first year in 2007.
Fees are growing faster than ticket prices, which allows airlines to stay profitable in tough economic times.
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And while those fees for checking bags add up quickly, those account for just 25 percent of the $31.5 billion total. Turns out airlines are bringing in the most extra revenue from the sale of frequent flier miles-- about $18.6 billion.
How do your favorite airlines bring in the extra dollars? The graphic below details more findings from the survey.
CarTrawler survey of global ancillary revenue, IdeaWorksCompany