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.
Blog has been viewed (644) times.