Major airlines had a good second quarter in 2012. According to the Bureau of Transportation Statistics, the largest air carriers reported a 6% profit margin in Q2, up from 5.3% in the same quarter in 2011.
But where the real action came is in baggage fees. Overall, the industry set a record in the first half of this year with more than $1.7 billion in such fees.
Here’s a list of the top 10 fee earners for the first six months of 2012:
- Delta: $429 million
- United: $351 million
- American (PINK:AAMRQ): $288 million
- US Airways (NYSE:LLC): $260 million
- Spirit Air (NASDAQ:SAVE): $82 million
- Alaska Air (NYSE:ALK): $71 million
- Southwest Airlines (NYSE:LUV): $58 million
- Allegiant Air (NASDAQ:ALGT): $36 million
- Frontier Air (NASDAQ:RJET): $35 million
- JetBlue (NASDAQ:JBLU): 34 million
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