Southwest Airlines Co.’s profit sharing will jump 88 percent to a record $228 million this year as the largest low-fare carrier, negotiating new contracts with all of its major unions, shows signs of labor strain.
Southwest Airlines Co., the discount carrier that has never had layoffs, plans to shrink its workforce amid spending cuts of at least $100 million after higher fuel prices helped cost increases outstrip sales growth.
Southwest Airlines Co., the largest low-fare carrier, will increase competition at American Airlines Group Inc.’s biggest hub by expanding nonstop service from a rival Dallas airport as U.S. flight limits there end.
Southwest Airlines Co. increased pressure on Boeing Co. to upgrade its top-selling 737 model with more fuel-efficient engines, as Airbus SAS did with a competing plane, because waiting a decade for an all-new jet is too long.
Southwest Airlines Co. expects to add as much as $1 billion in new annual revenue in Atlanta, home to the world’s busiest airport, as it revamps the hub acquired in the purchase of AirTran Holdings Inc.