The House of Mouse got some rough reviews Tuesday after it reported a small Q1 loss of $20 million, while emphasizing that it reduced red ink in its costly streaming unit from $659 million in Q1 2023 to $18 million. Still, a loss is a loss. Shortly after the start of trading, Disney was having its worst day in a year.
American Airlines on Thursday announced that it, too, will be hiking the fees it charges customers to check luggage.
With the move, all four of the major US airlines, which together control about 80% of the US market, have now hiked their baggage fees in recent days amid surging jet fuel prices.
The change will go into effect on tickets bought on or after Thursday, the same day Southwest’s hike begins.
Since late March, JetBlue, Delta Air Lines, United Airlines, Canada’s WestJet, and Southwest have hiked their fees. Experts expect more major carriers to follow, and to potentially tweak the pricing of other ancillary revenue sources like seat assignments and carry-on luggage.
The change will go into effect on tickets bought on or after Thursday, the same day Southwest’s hike begins.
Since late March, JetBlue, Delta Air Lines, United Airlines, Canada’s WestJet, and Southwest have hiked their fees. Experts expect more major carriers to follow, and to potentially tweak the pricing of other ancillary revenue sources like seat assignments and carry-on luggage.
Southwest Airlines has joined the growing list of airlines opting to hike their bag fees amid sustained higher jet fuel costs.
Starting today, the first checked bag at the carrier — which implemented bag fees less than a year ago — will jump from $35 to $45, and the second from $45 to $55. Southwest quietly disclosed the change Tuesday.
Southwest assigned the decision to “part of an ongoing analysis of the business and against the evolving global backdrop.”
As of Wednesday, jet fuel prices dropped to $4.16 a gallon, per the Argus US Jet Fuel Index, down from $4.81 on Tuesday following President Trump’s ceasefire announcement, which sent travel stocks soaring. Major airlines have shed some of those gains in premarket trading Thursday.
With the move to hike bag fees, Southwest joins JetBlue, United Airlines, Delta Air Lines, and Canada’s WestJet, all of which also boosted fees this month. Experts expect more major carriers to follow, and to potentially tweak the pricing of other ancillary revenue sources like seat assignments and carry-on luggage.
Southwest assigned the decision to “part of an ongoing analysis of the business and against the evolving global backdrop.”
As of Wednesday, jet fuel prices dropped to $4.16 a gallon, per the Argus US Jet Fuel Index, down from $4.81 on Tuesday following President Trump’s ceasefire announcement, which sent travel stocks soaring. Major airlines have shed some of those gains in premarket trading Thursday.
With the move to hike bag fees, Southwest joins JetBlue, United Airlines, Delta Air Lines, and Canada’s WestJet, all of which also boosted fees this month. Experts expect more major carriers to follow, and to potentially tweak the pricing of other ancillary revenue sources like seat assignments and carry-on luggage.
Some are starting to worry that Lilly, which for a short time vaulted into the trillion-dollar market cap club, may have hit a plateau.
