HONG KONG (Reuters) - Spent some time in lost luggage limbo this holiday season? You're not alone.
According to a report by the Sydney-based Center For Asia Pacific Aviation, airlines lose a passenger's bag every 90 seconds, costing carriers in the Asia-Pacific region $125 million each year.
The report, released last week, said Asia-Pacific airlines lost 1.5 million bags out of a total of nearly 400 million bags carried each year.
Carriers paid out $83 in compensation and delivery costs for each mishandled bag, equating to 40 cents per passenger carried, it added.
"Over and above these amounts is potentially a far greater cost -- an airline's loss of disenchanted passengers to a competitor," the report said.
It said that most lost luggage was returned within 24 hours.
According to a report by the Sydney-based Center For Asia Pacific Aviation, airlines lose a passenger's bag every 90 seconds, costing carriers in the Asia-Pacific region $125 million each year.
The report, released last week, said Asia-Pacific airlines lost 1.5 million bags out of a total of nearly 400 million bags carried each year.
Carriers paid out $83 in compensation and delivery costs for each mishandled bag, equating to 40 cents per passenger carried, it added.
"Over and above these amounts is potentially a far greater cost -- an airline's loss of disenchanted passengers to a competitor," the report said.
It said that most lost luggage was returned within 24 hours.
