"United is raising first and second checked bag fees by $10 for customers traveling in the US, Mexico, and Canada and Latin America beginning with tickets purchased Friday, April 3."
"As we experience rising operating costs, we regularly evaluate how to manage those costs while keeping base fares competitive and continuing to invest in the experience our customers value."
"Since the Iran war started on February 28, Brent Crude oil prices have risen 50% to $109 a barrel. However, jet fuel has surged even more."
"Unlike many airlines around the world, US carriers don't hedge against fuel costs, so they face greater risk from rising prices."
United Airlines has increased its checked bag fees by $10 for flights booked from April 3, with costs now at $45 for pre-departure check-ins. Fees rise to $50 at the airport and $75 at the gate. This change follows JetBlue's recent fee hike and is attributed to rising operating costs linked to a 50% increase in Brent Crude oil prices and a doubling of jet fuel prices since the Iran war began. US airlines face greater risks from fuel price fluctuations as they do not hedge against these costs.
Read at www.businessinsider.com
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