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Airlines to net $36 billion in fees and upsells this year worldwide

10/31/2012| 10:40:57 AM| 中文

Airlines continue to look beyond selling tickets to earn revenue, as is made clear by an annual forecast of their fee-based income streams.

Airlines continue to look beyond selling tickets to earn revenue, as is made clear by an annual forecast of their fee-based income streams.

This year 176 airlines will collect $36.1 billion in so-called ancillary revenue, such as fees to redeem frequent flier miles and fees for checking bags, according to a study released today by Amadeus IT Group, a corporation that processes transactions for the travel industry, and IdeaWorksCompany, a consulting firm.

The add-on revenue will be about 5.4% of global airline revenue of $667 billion for the year, a rise from a 4.8% share in 2010.

Read full story at: http://www.tnooz.com/2012/10/29/news/airlines-to-net-36-billion-in-fees-and-upsells-this-year-worldwide/

TAGS: ancillary service | American Airways | United Airlines
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