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Group buys former Armour meatpacking site in Stockyards

The 16.8-acre site of the historic, former Armour meatpacking plant in Fort Worth’s Stockyards has changed hands, and its new owners aren’t saying anything about their plans. Chesapeake Land Development Co., which bought the site

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Dallas-Fort Worth in top five commercial real estate markets in 2015

According to the Emerging Trends in Real Estate 2015 report, just co-published by PwC US and the Urban Land Institute (ULI), Dallas-Fort Worth ranks No. 5, with two other Texas cities, Houston and Austin ranking at No. 1 and 2 respectively. San Francisco ranks No. 3 and Denver No. 4.

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Social House Fort Worth plans to open mid-November

Social House has leased 5,045 square feet at 2801-2873 W Seventh St. in Fort Worth, according to Xceligent Inc.

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Hulen Pointe Shopping Center sold

Hulen Pointe Shopping Center, located in southwest Fort Worth on South Hulen Street one mile south of Hulen Mall, has been purchased by Addison-based Bo Avery with TriMarsh Properties for an undisclosed price.

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Ski Grand Prairie? TCU, UTA grad helping bring snow to Metroplex

For Levi Davis last week may have been a career peak, in more ways than one.

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Airlines collect $6 billion in fees

 

Katia Hetter

CNN


(CNN) -- Those airline baggage and reservation change fees add up, to the tune of more than $6 billion.

U.S. airlines collected $3.5 billion in baggage fees and $2.6 billion in reservation change/cancellation fees last year, according to U.S. Department of Transportation data. That was a 3.8% increase in baggage fees and a 7.8% increase in reservation change/cancellation fees compared with 2011.

Delta Air Lines came out on top in baggage and reservation change/cancellation fees, collecting $1.6 billion last year. Delta's baggage fees totaled $865.9 million and it collected $778.4 million in change/cancellation fees.

United Airlines landed in second place in both categories, with $705.5 million in baggage fees and $660.9 million reservation change/cancellation fees.

Those fees returned the airlines to profitability in 2012. Total revenue for all passenger airlines last year was $159.5 billion, while total operating expenses were $153.6 billion. For the 10 largest U.S. airlines, that translated into net income of $201 million last year, up from a $500,000 loss in 2011.

And there's no sign that the fees are going away.

Delta, United, American Airlines and US Airways recently raised the cost of changing a reservation from $150 to $200 for many nonrefundable tickets for domestic flights. Frontier Airlines will soon start charging a $25 to $100 carry-on bag fee to many customers who book their tickets through third-party sites, excluding certain members of its frequent flier program.

American was the first U.S. airline to charge customers for the first bag checked, starting in June 2008. The fee was $15, and other airlines quickly followed suit. That year, American collected $277,991 in baggage fees, according to U.S. Department of Transportation data. The U.S. airlines collected $1.1 million that year.

 

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