Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
Blackstone Executive Vice Chairman Tony James says he's less optimistic now than before that the U.S.-China trade war could be resolved, but even a smaller deal could help...World Economyread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
President Trump also said he is "not looking for a partial deal" with Beijing, moving away from his suggestion last week that he would consider an "interim deal."Politicsread more
Progress on trade talks will determine how far market will move above new highs.Trader Talk with Bob Pisaniread more
"Sure, the trade war's taking its toll on business ... it's just not taking its toll where it was supposed to," Jim Cramer says.Mad Money with Jim Cramerread more
Joe Biden called on President Donald Trump Friday to release the transcript of a call with a foreign leader that is the subject of a whistleblower complaint. Biden described...Politicsread more
For investors taking a breather from the chaos in August, buckle up as the market is about go crazy again, Goldman Sachs warned.Marketsread more
Palantir Technologies is targeting a valuation of at least $26 billion in a private fundraising round, the first for the Peter Thiel-backed data analytics startup in four...Wall Streetread more
Michael Pack, a conservative filmmaker linked to Steve Bannon, saw at least $1.6 million in donations from his nonprofit sent into the coffers of his independent production...Politicsread more
The New England Patriots released Antonio Brown just 11 days after signing the wide receiver. The NFL Super Bowl champion team initially had kept him in the face of a rape...Sportsread more
The cost of that plane ticket may end up being a lot more than you think, especially if you expect to sit by the window, bring a carry on-bag or sip a soft drink.
Airlines increasingly are unbundling their offerings so that they can offer the lowest possible fares, according to a new report by Hopper, a research firm that tracks more than 3 billion price data points related to airfares.
The combination of lower jet fuel prices and excess capacity has forced airlines to lower prices in order to sell seats, even as the industry returns to profitability. At the same time, competition between carriers has increased as a new breed of "ultra low-cost" carriers expands in the U.S. and around the world. (Flights from California to Europe for $69?)
As a result, there's been rapid growth in so-called "ancillary" fees for services like ticket changes or cancellations, seat assignment, baggage, in-flight food, drinks and entertainment. Ancillary revenue now accounts for about 10 percent of total airline revenues, according to Hopper.
For example, there's already a $25 fee for one piece of luggage, on average, Hopper said, but as more airlines roll out basic fares, more fliers can expect to pay for their carry-ons too. Frontier and Spirit both already charge $35, on average, for carry-on bags. Forcing fliers to shell out for soft drinks may follow, Surry said.
"It's all part of this experimentation," Surry said. "Carriers are trying to figure out the right way to package and sell tickets. It remains to be seen what will work in the long term."
"Ultimately, consumers will vote with their feet in terms of what types of tickets they buy," he said. (Or they can rant about their experience on Twitter or Facebook, it turns out airlines are listening.)