President Biden aims to crack down on hidden "junk fees" charged by companies like airlines and ticket sellers through new rules requiring more pricing transparency. However, lobbyists representing industries like airlines are pushing back against the proposed rules and lobbying federal agencies to prevent them from being implemented. Major US airlines like American, Delta, and United oppose rules from the Department of Transportation that would require airlines to disclose all fees, like baggage fees, earlier in the ticket purchasing process. Airlines collected almost $6.8 billion in baggage fees alone in 2022, with American Airlines leading at nearly $1.4 billion.
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00:00 It's Benzinga and here's what's on the block.
00:02 President Biden aims to crack down on hidden junk fees charged by companies like airlines
00:07 and ticket sellers through new rules requiring more pricing transparency.
00:10 However, lobbyists representing industries like airlines are pushing back against the
00:14 proposed rules and lobbying federal agencies to prevent them from being implemented.
00:19 Major U.S. airlines like American, Delta and United oppose rules from the Department of
00:24 Transportation that would require airlines to disclose all fees, like baggage fees, earlier
00:29 in the ticket purchasing process.
00:32 Airlines collected almost $6.8 billion in baggage fees alone in 2022, with American
00:36 Airlines leading at nearly $1.4 billion.
00:39 For all things money, visit Benzinga.com.
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