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US Airlines' Ancillary Revenue Off 1%, Despite Higher Baggage Revenue

DOW JONES NEWSWIRES U.S. airlines' first-quarter ancillary revenue dropped 1% from a year earlier as reduced reservation change fees and miscellaneous revenue offset an increase in baggage-fee proceeds, according to the U.S. Department of Transportation. As the industry has flown through financial hardship over the past decade, fees have been added to many services and perks, from switching flights on a standby basis at some carriers to getting a window seat or bottled water at others. Carriers, which also in recent years have installed fees for travelers' first checked bags, were hit by a drop in demand during the downturn but are beginning to see stabilization. Ancillary revenue dropped to $1.86 billion from $1.88 billion a year earlier, according to the Bureau of Transportation Statistics. Delta Air Lines Inc. (DAL), recently merged with Northwest, saw the metric jump 61% to $592.1 million, posting the steepest growth and highest value. JetBlue Airways Corp. (JBLU) had the biggest decline, 13%. Baggage fee collections jumped by a third to $768.5 million, more than tripling at Alaska Air Group Inc.'s (ALK) Alaska Airlines and doubling at Delta, which collected more than any other carrier. Reservation change fee collections declined 5.7% to $553.9 million. AirTran Holdings Inc. (AAI) collected nearly three times as much from change fees as last year while Delta's collections were up 90%. Miscellaneous operating revenue--which includes items such as pet transportation and standby passenger fees--plunged by 25%, more than tripling at Delta and doubling at Southwest Airlines Co. (LUV), while AirTran, Spirit Airlines Inc. and Continental Airlines Inc. (CAL) saw declines of 34%, 40% and 75%, respectively. -By Matt Jarzemsky, Dow Jones Newswires; 212-416-2240, matthew.jarzemsky@dowjones.com

Stock News for Alaska Air (ALK)
DateTimeHeadline
03/28/201708:00:00Alaska Airlines names 29-year industry veteran new vice president...
03/24/201712:18:49Additional Proxy Soliciting Materials (definitive) (defa14a)
03/24/201712:12:21Proxy Statement (definitive) (def 14a)
03/22/201719:43:00Alaska Airlines and Virgin America share vision for the future
03/21/201718:22:14Statement of Changes in Beneficial Ownership (4)
03/21/201714:29:00Alaska Air Group to hold investor day on March 29
03/15/201712:46:00Alaska Airlines' California growth continues, adding six new...
03/15/201707:30:00Alaska Airlines' California growth continues, adding six new...
03/14/201712:20:00Alaska Airlines inaugurates new flights from San Jose, California...
03/13/201706:02:21Current Report Filing (8-k)
03/10/201708:00:00Alaska Air Group reports February 2017 operational results
03/09/201717:08:47Statement of Changes in Beneficial Ownership (4)
03/09/201717:08:47Statement of Changes in Beneficial Ownership (4)
03/09/201708:00:00Alaska Airlines announces 13 new nonstop routes from the Bay...
03/06/201717:31:33Proxy Statement - Notice of Shareholders Meeting (preliminary...
03/03/201718:08:32Statement of Changes in Beneficial Ownership (4)
03/02/201717:59:00Alaska Airlines awarded slots to serve Mexico City from San Francisco...
02/28/201706:05:03Annual Report (10-k)
02/23/201717:06:46Amended Current Report Filing (8-k/a)
02/22/201714:06:00Alaska Airlines and UNCF partner to expand college access nationwide

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