Airlines make a killing on fees
Last comment by huntrick 7 months, 3 weeks ago.

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First, the banks and credit card companies sought to recoup the losses they made themselves by ramping up fees and inventing new ones.

The airlines, crying over fuel prices and maintenance costs, instituted fees for baggage and other things to recoup the costs. NBC news reported last evening that the industry made $29 Billion (that's B for Billion) from the added fees. That implies that they made that much profit over and above the operating costs of the industry.

I have to ask, is that a reasonable return for any industry to make on service fees alone?

I don't think so.

Congress needs to investigate and slap some huge fines on this industry for overcharging passengers. I've written my congressman.

Latest Activity: Sep 12, 2013 at 5:27 PM

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JimmyMack commented on Friday, Sep 13, 2013 at 06:09 AM

Good post. There are too many independent taxing entities out there other than the Government. I freak at my bundled Comcast charges every month and my T-Mobile fees with its obscure yet growing mini-taxes. We should only allow the state and federal rights to taxation and not individual profit driven entities to do the same thing.

JimmyMack commented on Friday, Sep 13, 2013 at 15:21 PM

Sebe, you are not ghost writer for Forbes Magazine are you?

huntrick commented on Sunday, Apr 06, 2014 at 06:03 AM

I agree. I was only venting my disdain of the airline fees. Didn't expect a paper on Capitalism. Good job, though.

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