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Poppin' off: America's bought more Champagne than ever in recent years

Poppin' off: America's bought more Champagne than ever in recent years

Poppin’ off

French Champagne makers will be raising a glass to customers in the US, the biggest global market for the sparkling wine by value and volume, who spent $998m on the drink last year.

All told, the number of Champagne bottles shipped worldwide rose 1.5% year-over-year, fighting off competition from other sparkling wines like Prosecco and Cava, resulting in a record $6.6 billion in sales according to the Comité Champagne, a joint trade association for the industry.

Still fizzy

Besides counting bottles and collecting data, one of the Comité’s primary focuses is to battle against mislabeling around the beloved beverage. Those in the industry are quick to remind people that Champagne can only be labeled if it's actually from the Champagne region, an important distinction relating to the provenance and processes behind the drink, that Comité lawyers look to uphold around the world.

It’s only bottles that come from this region, ~85,000 acres of vines around 30 miles east of Paris, that are included in the 33.7 million figure shipped to the US last year — the second highest year on record, and up some 31% on 2019 shipments.

The only country where more Champagne is drunk than the US is France itself, where domestic sales reached 138.4 million in 2022. That shakes out to 2 bottles per person per year, nearly 20x the per capita consumption in the US.

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JetBlue is raising its bag fees as fuel costs squeeze airlines

JetBlue will reportedly hike its bag fees, as the cost of jet fuel continues to climb amid the war in Iran. It’s the latest example of carriers finding ways to push rising costs onto travelers.

Last week, United Airlines CEO Scott Kirby said that if fuel prices remain elevated, fares would need to rise another 20% for his airline to break even this year.

As CNBC reported, when one airline raises fees, others tend to follow.

Earlier this month, JetBlue hiked its first-quarter outlook for operating revenue per seat mile to between 5% and 7%, saying that strong Q1 demand helped “partially offset additional expenses realized from operational disruptions and rising fuel costs.” Now, the carrier appears to be making moves to further boost revenue to offset those costs.

Earlier on Monday, JetBlue rival Alaska Air lowered its Q1 profit forecast. The refining margins for the carrier’s cheapest fuel option — sourced from Singapore and representing about 20% of Alaska’s overall supply — have spiked 400% since February.

JetBlue did not immediately respond to a request for comment.

As CNBC reported, when one airline raises fees, others tend to follow.

Earlier this month, JetBlue hiked its first-quarter outlook for operating revenue per seat mile to between 5% and 7%, saying that strong Q1 demand helped “partially offset additional expenses realized from operational disruptions and rising fuel costs.” Now, the carrier appears to be making moves to further boost revenue to offset those costs.

Earlier on Monday, JetBlue rival Alaska Air lowered its Q1 profit forecast. The refining margins for the carrier’s cheapest fuel option — sourced from Singapore and representing about 20% of Alaska’s overall supply — have spiked 400% since February.

JetBlue did not immediately respond to a request for comment.

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