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Flying is About to Get More Expensive
By Joe Gullo
Flying's not cheap these days, and prices are about to go up. Next month, the Transportation Security Administration (TSA) fee you pay on your airline ticket will jump, but not all of that added revenue is going toward security.
Baggage fees, cancellation fees, transfer fees. Flying is full of extra charges.
Starting July 21, the TSA will increase its fee on flights. Right now, the TSA's passenger security fee is $2.50 per flight.
The new charge will be $5.60 flat fee. So a roundtrip, nonstop flight will now cost passengers $11.20 versus $5.
And do you have a long layover? Then you may be have double the charges! For example, say you have a flight from New York to Chicago to Denver to Las Vegas, with a layover of more than 4 hours between each. You will pay $22.40 in just TSA fees.
Previously, the TSA capped fees at 2 flights. You would never pay above $10 per trip.
You can thank the bipartisan budget deal passed in december for the price hike.
The fee helps fund airport security. However, 75 percent of revenue of the hike will offset spending in the federal budget instead.
The only bright spot?
An industry trade group believes some carriers may pick up some of the new charge, but don't bet the house on it yet. No major airlines have announced how they will handle it.