How the pandemic may change airlines' much-hated $200 rebooking fees [CNNMoney.com]
Southwest Airlines Company (LUV)
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Source: CNNMoney.com
How the pandemic may change airlines' much-hated $200 rebooking fees New York (CNN Business) Airlines have done away with their $200 change fees, giving passengers the flexibility they've long desired — at a time when few people are traveling. None of the major US airlines have signaled they will abandon change fees altogether. But as the Covid-19 pandemic continues to spread, they have repeatedly delayed their deadlines for reimplementing the fees. Delta and American Airlines , for example, recently extended their no-change-fee policy through September, and United pushed its deadline to July 31. US carriers made more than $3 billion from change fees in 2019 alone, according to the Bureau of Transportation Statistics . That equated to roughly 2% of major carriers' overall revenue. Then the pandemic triggered a steep dropoff in air travel that financially gutted the airline industry, forcing them to bleed millions of dollars a day as planes sit in storage . Getting rid of change
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