Profits Are Sky-High, But Airlines Keep Coming Up With New Ways to Gouge You With Fees

‘The airline industry is whistling a cheery tune these days, and it sounds suspiciously like “Happy Days Are Here Again.” With gasoline prices at a level not seen in decades, the troubled post-9/11 airline industry seems a distant memory. In its place is an industry awash in profits.
Delta Airlines reported $4.5 billion in profits last year. Southwest Airlines’ profits reached over $536 million in the fourth quarter of 2015 alone. United Airlines profits reached $823 million. In all, 25 airlines in the United States reported over $25 billion in profits last year, more than three times the profits of the previous year.
Fuel prices, which were a whopping 35% lower last year than the previous year contributed mightily to the airlines’ bottom line, especially since little of those savings were passed on to passengers.’
Read more: Profits Are Sky-High, But Airlines Keep Coming Up With New Ways to Gouge You With Fees