Tag

Ancillary Revenue

All articles tagged with #ancillary revenue

business1 year ago

"Major US Airlines Increase Checked Bag Fees, Impacting Travelers"

United Airlines is increasing checked bag fees for North American travelers, with economy class passengers on domestic flights now paying an additional $5 for their first checked bag, bringing the total to $40. The fee for a second checked bag will also rise to $45 in advance online and $50 at the airport. The new policy applies to tickets purchased on or after February 24. Certain groups, such as United Chase credit card holders and active military members, are still eligible to check a bag for free. This move follows similar fee hikes by American Airlines, Alaska Air, and Jet Blue, as baggage fees continue to be a significant source of ancillary revenue for airlines.

business1 year ago

"Airline Bag Fees Soar as Major Carriers Make Pricing and Policy Changes"

The top 20 global airlines generated over $33 billion in revenue from baggage fees in 2023, marking a 15% increase from the previous year. Baggage fees have become a significant component of ancillary revenue for airlines, helping to offset other costs. American Airlines recently raised fees for first and second checked bags, marking its first increase in six years. Additionally, traditional airlines are also earning substantial revenue from fees associated with assigned seating, with global revenue from assigned seating potentially rivaling that generated by baggage fees.

entertainment1 year ago

"EFM 2024: A-Listers, Indie Struggles, and Elevated Genre Titles Rock Berlin's Film Marketplace"

The European Film Market in Berlin is showing promise with a strong lineup of indie movies featuring A-list stars, but unresolved issues in the home entertainment market, particularly the decline in pay-one window revenue due to streaming dominance, are casting a shadow over the indie film industry. While headline-making deals from streamers like Netflix and Amazon are notable, the overall reduction in indie movie acquisitions is impacting ancillary revenues. Independent buyers with pay-one output deals are better positioned, but the future of streaming platforms and their acquisition strategies remains critical for the survival of independent film. Despite challenges, there are new opportunities in the streaming market as platforms shift away from all-rights deals, offering a glimmer of hope for indie producers.