Spirit Airlines’ New Stratospheric Bag Fees

by Nate Wooley | October 3, 2012 10:41 am

If you’re planning to fly Spirit Airlines (NASDAQ:SAVE[1]) 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[2]. 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[3]) charge for carry-on bags.

That’s not the only luggage fee that Spirit is raising. Here are others:

• Carry-on paid at booking: $35, up from $30
• Carry-on paid at check-in: $50, up from $40
• Checked bag paid at booking: $30, up from $28
• Checked bag paid at check-in: $45, up from $38

Other outrageous airlines stories from InvestorPlace.com:

• Ranking: The Airlines Cashing in Most on Baggage Fees[4]
• Want to Sit Near Family? Airlines May Charge You More[5]
• Airline Satisfaction Doesn’t Take Off in 2012[6]

Source URL: http://investorplace.com/2012/10/spirit-airlines-new-stratospheric-bag-fees/
Short URL: http://investorplace.com/?p=240204

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