NEW YORK (Reuters) – Southwest Airlines Director Rakesh Gangwal, who was picked by the company to join its board amid growing pressure from an activist investor, bought more than $100 million in stock and said on Wednesday more top level leadership changes would be “counterproductive.” Gangwal, who co-founded low-cost Indian carrier InterGlobe Aviation, or IndiGo,…
Southwest Airlines introduces premium seating with extra legroom to boost revenue. Regular seats on about 450 planes will lose an inch of legroom, shrinking to 31 inches. Southwest’s new seating options align with competitors like American, Delta, and United. Southwest Airlines has an activist firm breathing down its back to cut costs and generate more…
DALLAS (AP) — Leaders of Southwest Airlines are set to explain Thursday how they plan to remodel the airline to change with consumer tastes — and maybe keep their own jobs. They will give more details at an investor meeting about dumping so-called open seating, charging a premium for the best seats, and launching red-eye…
NASHVILLE, Tenn. (AP) — An Alaska Airlines flight that had been cleared for takeoff in Nashville, Tennessee, was forced to abort Thursday to avoid colliding with a taxiing Southwest Airlines plane, authorities said. No injuries were reported. Alaska said in a statement that the pilots of Flight 369 to Seattle had to quickly apply the…