The 2024 edition of the CarTrawler Yearbook of Ancillary Revenue by IdeaWorksCompany, describes ancillary revenue activities and results for 68 airlines in 2023, revealing divergences in trends and providing an assessment of the industry as a whole.
Key findings of the 2024 report include:
LCCs post record-breaking performance: LCCs, which have a good share of their income powered by fees associated with optional extras, enjoyed solid gains on a per passenger basis.
Traditional airlines were challenged: Total ancillary revenue was up for the category, but declined on a per passenger basis. Other revenue, which includes passenger fares, declined by a larger amount.
Ancillary revenue surges above pre-pandemic levels: For 2023 the top 10 airline companies generated $54.1 billion, which is in excess of the $38.4 billion result for the top 10 companies for the pre-pandemic year of 2019.
Frequent flyer program revenue jumped: Total loyalty revenue for the top 10 programs was $32.2 billion, which was 18.6 % higher than 2022.
