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  • 5/27/2025
Southwest Airlines will begin charging for checked baggage on Wednesday, according to CNBC. The change marks the first time in over 50 years that Southwest passengers will face checked bag fees, a decision driven by shareholder pressure, particularly from activist Elliott Investment Management. Southwest plans to introduce seat assignments for 2026 flights and is upgrading aircraft with larger overhead bins to accommodate increased carry-on use. CEO Bob Jordan said bookings have not dropped since the March announcement, despite customer backlash.
Transcript
00:00It's Benzinga bringing Wall Street to Main Street.
00:02Southwest Airlines will begin charging for checked baggage on Wednesday, according to CNBC.
00:07Change marks the first time in over 50 years that Southwest passengers will face checked
00:11bag fees. Decision driven by shareholder pressure, particularly from activist firm
00:15Elliott Investment Management. Southwest plans to introduce seat assignments for 2026 flights
00:19as upgrading aircraft with larger overhead bins to accommodate increased carry-on use.
00:24CEO Bob Jordan said bookings have not dropped since the March announcement,
00:27despite customer backlash. For all things money, visit Benzinga.com slash GSTV.

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