Airlines ring up record profits with extra fees
source: http://www.scholarsandrogues.com/2011/06/23/airlines-ring-up-record-profits-with-extra-fees/
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- hoosierdaddy
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Flying the friendly skies got a lot more expensive over the last three years, and it’s not just due to fluctuating oil prices and a lousy economy. Airline revenues are soaring, in part, because of all those extra charges tacked on for baggage check-in, snack packs, preferred seating, earlier boarding and extra legroom which added up to nearly $22 billion to carriers’ bottom lines this past year.
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attilatheblond
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The airlines pay fees/taxes to airports they use based on % of ticket prices. If they lower the price but add on a lot of fees, they actually end up being tax dodging corporations sticking to to local entities that need the fees to keep the airports running.
Typical corporation thinking: Use the infrastructure for profit but duck responsibility for paying fair share for maintaining it.
- 11 months ago
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attilatheblond
