by Mark Albert
WASHINGTON (TVR) – Airlines will haul in a record $57 billion in fees from passengers this year, representing more than $20 in extra costs per passenger, a new study finds.
The projection from IdeaWorks and CarTrawler finds the traditional airlines are snagging the bulk of the fees, 40% of the total, for $22.5 billion.
Low Cost Carriers grabbed a smaller piece of the ancillary revenue pie, at $7.4 billion.
In all, airlines worldwide are projected to bring in $82.2 billion this year—a 264% increase from 2010, when airlines collected $22.6 billion.
While the fees won’t please passengers, Aileen McCormack, Chief Commercial Officer of CarTrawler, said: “It is terrific to see such healthy growth in worldwide airline ancillary revenue,” coming less than a decade removed from the Great Recession that saw bankruptcies and vast airline consolidation.
“These figures indicate that ancillary profits are on a prolonged, upward trajectory and we are delighted to see more airlines looking further than traditional ancillary sources,” McCormack said in a statement.