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Airline ticket prices aren\u2019t the only thing costing more these days. You\u2019ll also be paying extra to get your shoes and unmentionables to your destination.<\/p>\n
Delta Air Lines<\/a> is the latest carrier to increase the price<\/a> of its luggage fees, announcing it was hiking the price of a checked bag by $5, effective immediately. Flying with luggage will now cost you $35 for the first checked bag and $45 for the second checked bag.<\/p>\n The move is a domino effect of sorts in the airline industry. Alaska Airlines kicked things off, increasing its luggage rates at the start of the year. American Airlines<\/a> followed suit<\/a> two weeks ago, raising the cost of the first checked bag to $35 or $40, depending on whether you declare it before you get to the airport. Then United Airlines<\/a> raised prices (matching American\u2019s rates), as did JetBlue, which raised its prices by $10 per bag to $35-$45 for the first bag and $50-$60 for the second.<\/p>\n Southwest Airlines<\/a> remains the only carrier that does not charge for checked bags.<\/p>\n A few caveats. If you bought your tickets before Tuesday, March 5, you won\u2019t have to pay the increase retroactively. And if you\u2019re a SkyMiles Medallion member, have a Delta American Express<\/a> card or are traveling in first class, you will continue to receive the usual allotment of complimentary bags.<\/p>\n This is the first time Delta has increased its baggage fees since 2018. The Atlanta-based carrier says the move is necessary due to rising industry costs. That\u2019s the same reason other carriers have given for their moves.<\/p>\n Airlines make a significant amount of money<\/a> by charging for checked luggage. In the first three quarters of last year, the industry saw revenues of nearly $5.5 billion just from bag fees, according to the Bureau of Transportation Statistics<\/a>. Last year\u2019s totals are expected to top 2022\u2019s luggage revenue of $6.8 billion.<\/p>\n<\/div>\nSubscribe to the CFO Daily newsletter to keep up with the trends, issues, and executives shaping corporate finance. Sign up<\/a> for free.<\/div>\n<\/div>\n