Airlines are facing scarce overhead bin space, leading to the implementation of fees for checked bags to mitigate fuel costs. While airlines have removed flight changing fees, they are now charging more for extra seats and checked bags to increase revenue. Checked bag fees have become a significant income source for airlines, totaling $33.3 billion in revenue, representing 4.1% of global airline revenue and showcasing the industry's focus on efficiency and profitability.
Episode 263: Happy one year anniversary Morning Brew Daily! On today's show, Neal and Toby discuss why airlines are raising baggage fee prices and why Walmart is acquiring smart TV marker Vizio. Plus, investors are all in on farming and HBO wants you to stop watching YouTube and subscribe to Max. Finally, could there be a shortage of chocolate? And the story behind a former Disney star turned space CEO.
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