The hidden reasons airlines are raising bag fees

Your summer vacation may have just gotten more expensive, again. Nearly every major U.S. airline has raised the price of checking a bag in recent weeks, as spiking jet fuel prices send their costs soaring.

Most airlines raised the price by about $10 for the first and second bag, while American and Delta added $50 to the cost of a third bag, too. For the week ending April 10th, jet fuel prices were up 119.7% compared to last year’s average, a serious increase in an industry that operates on tight margins.

PBS News’ Tim McPhillips spoke with Jay Zagorsky, an economist at Boston University’s Questrom School of Business to break down why airlines turn to bag fees when they want to offset rising costs, and why those fees never seem to go back down.

Watch PBS News for daily, breaking and live news, plus special coverage. We are home to PBS News Hour, ranked the most credible and objective TV news show.

Sign up for Here's The Deal with Lisa Desjardins: https://to.pbs.org/41q6E8i
Subscribe for exclusive content in our newsletters: https://www.pbs.org/newshour/subscribe
PBS News podcasts: https://www.pbs.org/newshour/podcasts
Stream your PBS favorites with the PBS app: https://to.pbs.org/2Jb8twG
Find more from PBS News at https://www.pbs.org/newshour
Subscribe to our YouTube channel: https://bit.ly/2HfsCD6

Follow us:
TikTok: https://www.tiktok.com/@pbsnews
X: http://www.twitter.com/newshour
Instagram: http://www.instagram.com/newshour
Facebook: http://www.pbs.org/newshour

Видео The hidden reasons airlines are raising bag fees канала PBS NewsHour