Morning Brew Daily Airlines Make $33B on Bag Fees & Investors Are All in on Farming
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Feb 21, 2024 Airlines are cashing in, raking in $33 billion from rising baggage fees, sparking a shift in their revenue models. Walmart is making waves by acquiring the smart TV maker Vizio, while investors are eyeing farmland as a savvy opportunity amid growing food demands. Attention turns to a potential chocolate shortage, and the journey of a former Disney star who transitioned into a pioneering space CEO adds an intriguing twist. The discussion also highlights HBO's attempts to draw viewers away from YouTube with strategic content decisions.
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Rising Baggage Fees
- Airlines are raising baggage fees to offset rising costs, like fuel and labor.
- This tactic also potentially disincentivizes heavy packing, saving fuel costs.
Fishing Vest Travel Hack
- Some travelers are buying fishing vests or safari vests to avoid baggage fees.
- The vests' numerous pockets allow them to carry more items onto the plane.
Walmart's Ad Strategy
- Walmart's acquisition of Vizio gives them access to Vizio's ad network and 18 million active accounts.
- This allows Walmart to compete with Amazon's advertising business and improve their margins.