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Chuck E. Cheese rolls out subscription program

Chuck E. Cheese rolled out a new subscription program, one of many tactics food and entertainment companies have deployed to excite a consumer that's increasingly pulling back.

For as little as $7.99 or up to $29.99 a month, customers can play a set amount of games per day plus a receive a 20-50% discount on food and extra games credits. Mark Kupferman, CEO of Chuck E. Cheese, called it "the biggest, best deal" the company has had.

"We understand families are struggling to find affordable entertainment options outside the home right now," Kupferman said in a statement. "Our goal is to ensure every kid can be a kid, and there's no better way to achieve that than with the new Chuck E. Cheese Fun Passes."

Chuck E. Cheese filed for bankruptcy in 2020 after the pandemic forced it to close down its operations. The company was looking to go public in 2019, but ultimately those plans flopped, and in December it was reportedly looking for a buyer.

"We understand families are struggling to find affordable entertainment options outside the home right now," Kupferman said in a statement. "Our goal is to ensure every kid can be a kid, and there's no better way to achieve that than with the new Chuck E. Cheese Fun Passes."

Chuck E. Cheese filed for bankruptcy in 2020 after the pandemic forced it to close down its operations. The company was looking to go public in 2019, but ultimately those plans flopped, and in December it was reportedly looking for a buyer.

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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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