Economy

Top airlines rake in $33B from bag fees

The top airlines got a 15% boost in revenue from bag fees in 2023 compared with the year prior, an annual report says. Those fees accounted for 4.1% of total global airline revenue.

Rivian to lay off 10% of salaried staff

Rivian CEO RJ Scaringe said the company made "great progress" in 2023 even with economic headwinds. The automaker said it remains focused on cost efficiency.