Executives from United Airlines and Delta Air Lines on Tuesday weighed in on rival Southwest Airlines making a major change to its checked bag policy.
LUV lowers its first-quarter 2025 economic fuel cost per gallon to the range of $2.35 to $2.45 from the previously guided range of $2.50 to $2.60.
Ben Mutzabaugh (@ThePointsGuyArrivals / @ThePointsGuyDepartures) says the COVID-19 pandemic sparked a paradigm shift in the airline industry. Southwest Airlines (LUV) is the latest to undergo it.
Southwest (LUV) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
Southwest Airlines is ending its free baggage policy, and its competitors smell opportunity. United and Delta's CEOs talked about what the change means for them on Tuesday.
Southwest Airlines Co. (NYSE:LUV ) J.P. Morgan Industrials Conference March 11, 2025 11:15 AM ET Company Participants Bob Jordan - President & CEO Lauren Woods - CIO Andrew Watterson - COO Tom Doxey - CFO Conference Call Participants Jamie Baker - JPMorgan Mark Streeter - JPMorgan Jamie Baker So, thanks, everybody.
Southwest Airlines said Tuesday it will charge for checked bags for the first time in its more than half-century of flying. The carrier is under increasing pressure from Elliott Investment Management, which has called for drastic changes to the company's business model.
Southwest Airlines will begin charging passengers for some checked luggage, ending a free-bag policy that has been a hallmark of the carrier since its founding more than five decades ago. Customers will be charged for their first and second checked bags unless they hold top-tier loyalty status or are traveling on a business fare.
Southwest Airlines (LUV 6.71%) is making a number of moves designed to boost profitability, including abandoning its decades-long practice of not charging for checked bags.
The policy change is likely to disappoint travelers but it's had the opposite effect on investors as the shares surged Tuesday.
Delta Air Lines (NYSE:DAL) and Southwest Airlines (NYSE:LUV) are making headlines today after issuing key updates.
Southwest Airlines, which long stood out amongst competitors for its low-cost, no-frills model, is starting to re-evaluate its approach as it seeks to capture more revenue.