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/
