Airlines rake in billion$ in ancillary income
THE two American airlines embroiled in separate tussles over the way they handled passenger seating recently are also earning big bucks in ancillary income.
Topping the top-10 list is United Airlines, with US$6.2bil earned in ancillary income in 2016, followed by Delta at US$5.1bil. About half of United Airlines’ amount was from frequent flyer programmes, meaning it sold travel miles or points to banks that had co-branded credit cards.
Besides that, airlines earn ancillaries from selling food, drinks, more legroom, seat selection, insurance and baggage fees.
...
The content is a snapshot from Publisher. Refer to the original content for accurate info. Contact us for any changes.
Related Stocks
Comments