2024-07-27 14:59:08
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Southwest Airlines Ends 50-Year Tradition with Radical Changes
Image courtesy of : AFP (MARIO TAMA)
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Southwest Airlines is launching new red-eye flight routes starting on February 14, 2025, including from Las Vegas, Los Angeles, and Phoenix to Baltimore, and from Los Angeles to Nashville. This is part of the airline's broader changes, which also include introducing premium seating and more legroom options to cater to customer preferences and boost profitability.
The Street
Southwest Airlines ends 50-year tradition with a radical change TheStreet Daily Newsletter
Economy
Southwest Airlines, a 50-year-old airline, is ending its open seating policy and introducing premium seating with more legroom due to customer preference. The airline is also starting red-eye flights for the first time, amid a 51% drop in profit and intense competition with a glut of airline seats chasing increased demand. The U.S. economy expanded at a 2.8% annual rate in the second quarter, up from 1.4% in the prior quarter. However, earnings season remains a concern, with a huge earnings miss..
The Street
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American Airlines (AAL) cuts profit forecast to $0.70-$1.30, down from April's $2.25-$3.25 and below analyst expectations of $1.10-$2.60. CEO Isom blames prior sales strategy led by former Chief Commercial Officer Vasu Raja, who departed in May, and domestic supply-demand imbalance. Isom announces actions to improve revenue, including renegotiating corporate contracts and expanding AAdvantage Business benefits. Southwest Airlines (LUV) CEO Jordan says urgent steps needed, including ending open..
Inc.com
Southwest Airlines Just Announced an Enormous Change. Here's Why It's So Heartbreaking
Economy
Southwest Airlines is discontinuing its iconic open seating policy, citing passenger preference for assigned seats. This change reflects a broader societal shift away from spontaneous human connections, which research shows are crucial for mental health. The open seating model had long defined the Southwest brand, enabling chance encounters and fostering a "we're all in this together" spirit, complemented by the airline's singing and joking flight attendants and the fact that all passengers had..
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