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Stock impact report

Southwest Airlines Gets Bad News After Ending Free Bags [Yahoo! Finance]

Southwest Airlines Company (LUV) 
Last southwest airlines company earnings: 4/28 06:00 am Check Earnings Report
US:NYSE Investor Relations: investors.southwest.com
Company Research Source: Yahoo! Finance
passengers for checked luggage . The move came as the struggling airline looked to boost overall profits. However, that did not happen this year. Despite Southwest's decision to begin charging passengers for checked luggage, the airline still saw a massive slump in profits throughout the year. For decades, Southwest allowed all of its customers to travel with up to two checked bags, free of charge. However, back in May, the airline officially ended that policy. In May, Southwest Airlines officially instituted checked baggage fees, adding a $35 charge for the first bag and $45 for each additional checked bag It was the most high-profile in a series of high-profile changes that Southwest made this year as it undergoes a major brand overhaul. Though Southwest ditched free bags in an attempt to boost profits, those profits have not come through the first nine months of the year. As CNBC reports, Southwest Airlines announced that its profits have actually fallen by 42 percent t Show less Read more
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