Southwest Says Profit Fell, But New Baggage Fees Are Paying Off
Key Points Southwest Airlines reported a 42% drop in net income for the second quarter, with operating revenue down 1.5%. The airline’s new baggage fees, introduced in May, are exceeding revenue expectations despite initial controversy. Southwest’s introduction of a nonrefundable basic economy fare caused a temporary dip in bookings, but demand has since stabilized. Summary […]
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