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

|About: Southwest Airlines Co. (LUV)|By:, SA News Editor

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.