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Stamps of approval: USPS enters busy season

Stamps of approval: USPS enters busy season

Busy season

The middle 2 weeks of December often feel like a race against time, and that's particularly true for USPS: the government agency that can trace its roots back to before the very founding of the United States itself.

Indeed, between Thanksgiving and Christmas, USPS is at its busiest. At the time of writing (Sunday morning) its online tracker has already clocked over 9.04 billion items of mail and packages accepted this holiday season, relying on its 230,000-strong fleet of iconic trucks, and 500,000+ postal workers, as its little helpers.

Often known as just the Postal Service, USPS is one of the few agencies explicitly authorized by the US Constitution, holding a monopoly over the carriage of letter-mail, with records of the cost of sending letters dating all the way back to the 1800s.

In 1885, the cost to send a letter was just 2 cents an ounce, today the same privilege — after two price increases this year — will set you back 66 cents, with another price increase slated for 2024. For much of the last century, any hikes have broadly mirrored inflation, however, since 1958, the price of letter-sending has outstripped the wider CPI index.

Stamps of approval

Although we take it for granted today, the very concept of prepayment through stamps is critical. Before prepaid stamps, recipients would foot the delivery bill for the item they were receiving, causing delays, and many simply having to refuse the letter they were set to receive. And so, in 1855, universal prepayment became mandatory for delivery across the country, with the first stamp costing between 5 and 10 cents, depending on the weight and distance.

If you’re someone who sends Christmas or holiday cards, after you’ve selected that perfect card — and attempted to write something that’s not just another happy-holidays-to-you-and-yours type of message — you likely place your trust in a stamp to secure its safe passage. But, how likely is it that your mail makes it on time? About 91%, per USPS standards, with the average first-class mail piece taking 2.5 days to make it to its destination in 2022.

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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.

business

Netflix is hiking its prices again

Netflix is raising its subscription prices for the fourth time in four years, a move first spotted by Android Authority.

Per Netflix’s US pricing page, the cost of an ad-supported plan is climbing $1 to $8.99 per month, while the cost of a standard ad-free plan is going up $2 to $19.99 per month. The premium tier has also risen $2 to $26.99 per month.

The streamer last raised its subscription costs more than a year ago in January 2025. It also hiked prices in 2023, 2022, 2020, and 2019. Netflix shares climbed about 2% on the news.

“Our approach remains the same: we continue offering a range of prices and plans to meet a variety of needs, and as we deliver more value to our members we are updating our prices to enable us to reinvest in quality entertainment and improve their experience by updating our prices,” said a Netflix spokesperson, in a statement to Sherwood News.

The streamer last raised its subscription costs more than a year ago in January 2025. It also hiked prices in 2023, 2022, 2020, and 2019. Netflix shares climbed about 2% on the news.

“Our approach remains the same: we continue offering a range of prices and plans to meet a variety of needs, and as we deliver more value to our members we are updating our prices to enable us to reinvest in quality entertainment and improve their experience by updating our prices,” said a Netflix spokesperson, in a statement to Sherwood News.

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