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Southwest Airlines (LUV +3.5%) raises its air fares on shorter flights, prompting a flurry of...

  • Monday, August 20, 2012, 1:05 PM ET
    Southwest Airlines (LUV +3.5%) raises its air fares on shorter flights, prompting a flurry of corresponding ticket price hikes by legacy carriers such as American Airlines (AAMRQ.PK), United Continental (LCC +5.4%), and US Airways (LCC +4.9%). Last week a hike by Delta (DAL +2.9%) didn't take hold across the sector, which is nothing new with low-cost carriers such as Southwest, JetBlue (JBLU +3.4%), Spirit (SAVE +1.5%), and Allegiant (ALGT +1.6%) typically acting as the trendsetters for the group.
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This news story has 2 comments:

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    Any company increasing their revenue in this manner that is currently in bankruptcy should be required to cover their defaulted debts including bond interest and preferred stock dividends in arrears. The set aside for legacy debt should be equal in exact proportion as employee wages and payment to new creditors. Otherwise, this allows any company to cut their profitability, declare bankruptcy, increase the executives salaries and otherwise steal from the legacy debt holders.
    20 Aug 2012, 02:01 PM Reply Like
  •  
    Is this a good long term move or a bad one for LUV?
    20 Aug 2012, 09:31 PM Reply Like
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