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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
04/26/201619:36:13Statement of Changes in Beneficial Ownership (4)
04/22/201616:05:00Virgin America Postpones 2016 Annual Meeting Given Proposed Transaction...
04/21/201618:29:05Statement of Changes in Beneficial Ownership (4)
04/21/201608:10:00Alaska Air Profit Tops Expectations
04/21/201608:00:00Alaska Air Group Reports Record First Quarter 2016 Results
04/21/201606:02:19Current Report Filing (8-k)
04/18/201615:00:00Alaska Air, Virgin America File Deal Paperwork
04/14/201606:01:38Current Report Filing (8-k)
04/12/201608:20:00JetBlue to Expand Its High-End Mint Service
04/12/201608:00:00Horizon Air Places Largest Aircraft Order in its History, Adding...
04/11/201606:01:38Current Report Filing (8-k)
04/10/201620:56:00VIRGIN AMERICA INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL...
04/08/201611:38:00Virgin America Inc. Acquisition May Not Be in the Best Interests...
04/06/201612:45:00Alaska Airlines to fly Bellingham to Kona, on the Big Island...
04/05/201603:02:00Deal Sets Up Face-Off For Plane Makers
04/04/201612:13:00VIRGIN AMERICA(VA) ALERT: Johnson & Weaver, LLP Launches an Investigation...
04/04/201607:00:00Alaska Air Wins Bidding War for Virgin America
04/04/201606:10:43Current Report Filing (8-k)
04/04/201606:00:00Alaska Air Group to Acquire Virgin America, Creating West Coast's...
04/03/201620:50:00Alaska Air Nears Virgin Deal After Frenzied Bidding

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