Airlines ancillary revenues increase in 2011.
Consulting organisation IdeaWorks and transaction processor Amadeus on Wednesday announced that the airline industry's ancillary revenues have increased in 2011.
Worldwide estimates of ancillary revenues by Amadeus reveal a USD9.9bn increase of 43.8%. Ancillary revenue is said to be part of the global airline industry's profit toolbox.
The International Air Transport Association (IATA) reduced its 2011 industry profit outlook to USD4bn as it revealed that carriers are expected to spend USD10bn on jet fuel in 2011.
Ancillary revenue is said to have contributed USD32.5bn to the airline industry and lifted it from a loss-making position as it provides a hedge against high fuel bills.
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