00:00It's Benzinga, bringing Wall Street to Main Street.
00:02JetBlue Airways has raised checked bag fees for the third time in less than a year
00:07as rising fuel costs pressure airline profits, according to CNBC.
00:12Economy passengers will now pay $50 for their first checked bag during non-peak travel periods
00:18when purchased more than 24 hours before departure.
00:21That fee increases to $60 within 24 hours of departure.
00:25During peak travel periods, fees range from $55 to $70.
00:31JetBlue says the increases will help offset rising fuel and operating costs.
00:36Jet fuel prices have roughly doubled since the Iran war began in February, costing airlines billions.
00:42Other major U.S. airlines have previously followed JetBlue in raising baggage fees.
00:47For all things money, visit Benzinga.com.
