by Nate Wooley | October 3, 2012 10:41 am
If you’re planning to fly Spirit Airlines (NASDAQ:SAVE) in the future, you’d better plan ahead. The discount carrier’s new fee schedule is the highest in the industry.
Beginning Nov. 6, Spirit will charge $100 for each bag checked at the gate, reports the Detroit Free Press. That’s more than double the current fee of $45. Spirit is hoping that the new fee will persuade passengers to pay up-front instead of waiting.
With Spirit’s low-cost, low-service business model, current fees make up about 40% of its revenue. Right now, only Spirit and Allegiant Travel (NASDAQ:ALGT) charge for carry-on bags.
That’s not the only luggage fee that Spirit is raising. Here are others:
Other outrageous airlines stories from InvestorPlace.com:
Source URL: http://investorplace.com/2012/10/spirit-airlines-new-stratospheric-bag-fees/
Short URL: http://invstplc.com/1bDtYgx
Copyright ©2017 InvestorPlace Media, LLC. All rights reserved. 700 Indian Springs Drive, Lancaster, PA 17601.