United Declares War on Fees, Forces Response From Rivals

A move by United Airlines Holdings (NASDAQ: UAL) to permanently eliminate change fees on tickets is reverberating through the airline industry on Monday and is likely not making United many friends among its airline rivals.

United said Sunday effective immediately it would eliminate the up-to-$200 fee it charged to change tickets, getting rid of a charge that helped it generate more than $600 million in fee income last year. A number of major airlines temporarily waived the fee earlier this year in response to the COVID-19 pandemic, but until now Southwest Airlines (NYSE: LUV) was the only major airline that did not charge change fees.

Image source: United Airlines.

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Source Fool.com