Episode Details
Back to EpisodesWar Impacts: Fuel Costs Soar, Airlines Hike Baggage Fees
Description
Oil prices surge past $109 per barrel, causing gas prices to skyrocket, particularly in the western U.S. Jet fuel costs have more than doubled, leading airlines like JetBlue and United to increase baggage fees. JetBlue raised fees by $9-$19, while United increased by $10-$50. Uniteds CEO warned of potential $11 billion annual fuel cost increase. Other airlines may follow suit, potentially raising fares by 20%.
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