Airlines have started to charge for snacks and blankets, but that doesn’t account for Delta Airlines’ highest profit in a decade. Airline tickets are getting only more expensive, and airline travel is slowly returning to its pre-recession popularity. Reuters reports that Delta turned a quarterly profit of $467 million, (out of its over $8 billion in revenues) due to a resurgence in travel after years of consumer hesitation.
Delta Charges More, Flies Less
The last time the airline did so well was back in 2000, notes Bloomberg, when its second-quarter profit was $633 million. Since then, Delta reduced the size of its fleet of airplanes to lower operating costs, but hasn’t yet re-introduced the superfluous planes. Instead, they fly fewer, fuller planes, and charge more for tickets, reports the news outlet.
Airline Confidence Is High
Considering that every turn in the economy is leapt upon by financial analysts, this development has led to the following conclusion: cheap flights are coming to an end. Major airlines such as Delta know that people feel more financially comfortable than they have in the past few years, and have no qualms about charging passengers as much as possible to take to the skies.
Rewards Programs Benefit The Consumer
Yet a responsible LearnVester never stumbles off a plane out $200 for a ticket and $20 for snacks. Now, more than ever, it’s important that those of us who are flying get something—other than a trip to Grandma’s retirement community—out of the experience. Delta’s rewards program is called SkyMiles, and offers free membership that earns points every time we fly. These points go towards discounts on future flights, as well as rental cards and hotel stays.
After a quick visit to Delta.com/Skymiles, we feel a lot better about boarding a plane… but we still won’t buy a blanket.