airline fees

Staycations

staycation.jpg

The summer season is here; and with the warm weather comes a little time off.

It's the time of year when people pack up and hit the road. But despite signs of a stronger economy not everyone is jetting off to tropical destinations. Instead they're keeping things low key and sticking close to home.

A few years ago when the economy hit rock bottom a new concept was born. Called the staycation; it gave people a little time away right in their own neck of the woods. Unfortunately it turns out not everyone's city is a desirable vacation spot. So if you're looking to save a few extra bucks on this year's travel plans the financial website Wallet Hub has a few tips on where to point the car and when to keep driving.  read more »

Airline Profits

130322040640-airplane-tails-airport-story-top.jpg

Travel costs are stacking up but that doesn’t mean airlines are flying off with the extra cash profit.

This year $746 billion is expected to be spent on air travel. And with the cost of a ticket, baggage fees and the upcoming summer season airlines should be raking it in right? Wrong. According to the International Air Transport Association when all is said and done airlines will take home a profit of just 5.4% per passenger. And while that number seems low; it's an improvement over the 1.4% it brought home a couple years ago.

Experts say there's something wrong with an industry where the providers of the service are embarrassed to reveal their profit. They say the high cost of jet fuel is mainly to blame and if that number would drop airlines and the passengers would benefit.  read more »

Disclosing Hidden Airline Fees

plane-31_1261755576.jpg

Are your frustrated with al those hidden airline fees? The government wants to help.

Last week the Department of Transportation proposed new rules to protect airline passengers by requiring more disclosure of hidden airline fees. The plethora of fees fliers face today took off back in 2008 when American Airlines became the first major U.S. carrier to charge a fee for checking a bag. Other airlines soon followed, blaming sky high jet fuel prices.

Passengers made decisions whether to fly based on price, so bag fees helped airlines collect more money without jacking up ticket prices and scaring away customers. Other fees followed, such as flight change fees and extra legroom.  read more »

Airline Fees

air_fees_090410_mn.jpg

Airlines are introducing more fees; but passengers might actually get on board with these ones.

Revenue from baggage fees and reservation changes is tapering off so airlines are introducing another way to line their pockets. But instead of charging you for necessary services these are meant to give you a taste of the good life.

For example airlines are now renting out Apple iPads pre-loaded with movies, selling hot first class meals in coach and letting passengers pay to have an empty seat next to them. But it doesn't stop there.  read more »

Sky High Fees

airplane-fees.jpg

2012 was a profitable year for airlines... and it's all thanks to you and your over packing.

Last year U.S. based airlines brought in $6 billion thanks to baggage and reservation change fees. That marks the highest amount since the fees became part of your travel plans about five years ago. And while that number is good news for the airline industry it means passengers aren't going to see a break anytime soon.

The first baggage fees were introduced in 2008 and have climbed since then. Now airlines typically charge $25 each way for the first checked bag and $35 for the second bag. Plus you have to toss a few extra bucks their way for overweight or oversize bags.  read more »

Summer Travel

travel.jpg

Summer is right around the corner and you’re family vacation is being threatened by the rising cost of pretty much everything.

Gas is soaring past four dollars a gallon and airline fees are on the rise as well, making it more expensive for you to get to the corner much less to your desired vacation spot. But if you’re committed to getting away Money Talks News founder Stacy Johnson has seven tips on saving money when you fly the friendly skies.  read more »

Billions in Baggage Fees

baggage.jpg

Baggage fees may be miserable for passengers but airlines have billions of reasons to love them.

According to the Bureau of Transportation statistics airlines raked in over $2.5 billion last year thanks to baggage fees. This is up 22.5% percent from the year before. And it looks like airlines will continue to profit from these fees. Michael Boyd is the president of an aviation consulting firm and says people are paying the fees and as long as passengers don’t revolt, the fees will remain in place.  read more »

Flying the Costly Skies

plane.jpg

It’s no surprise that most people think flying has gotten more expensive than it’s worth. So how do your complaints about extra fees stack up against your fellow passengers?

An online poll of nearly 2,000 people asked passengers which service they hated shelling out extra money for. The poll conducted by Air Fare Watchdog.com found that 52% of people hated paying for the privilege of picking their seat.  read more »