Join The Discussion

 

26-story mixed-use tower planned at Taylor & Fifth in downtown Fort Worth

Jetta Operating Co., a 24-year-old privately held oil and gas company in Fort Worth, and a related entity plan a 26-story mixed-use tower downtown at Taylor and Fifth streets on a site once owned by the Star-Telegram.

read more >

UPDATE: Six candidates file for two Water Board seats

Six candidates have filed for the two open seats on the Tarrant Regional Water Board, setting up a battle that could potentially shift the balance of power on the board and the priorities of one of the largest water districts in Texas.

read more >

Fort Worth breaks ground on $8.6 million South Main renovation

Fort Worth Near Southsiders and city officials broke ground Monday on the 18-month rebuild of South Main Street between Vickery Boulevard and West Magnolia Avenue.

read more >

Body-camera maker has financial ties to former Fort Worth police chief, others

IOWA CITY, Iowa (AP) — Taser International, the stun-gun maker emerging as a leading supplier of body cameras for police, has cultivated financial ties to police chiefs whose departments have bought the recording devices, raising a host of conflict-of-interest questions.

read more >

Fort Worth Police association planning 25,000-square-foot offices

The POA, which recently demolished its one-story building at 904 Collier St. near downtown, is planning a five-story replacement.

read more >

 

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.

 

< back

Email   email
hide
Catch
How 'bout them Cowboys?