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  • 2 days ago
Southwest Airlines will introduce assigned seating for the first time on January 27th, ending its decades-long open seating policy, according to CNBC. Customers can begin booking with seat assignments on July 29. The shift is part of a broader overhaul aimed at increasing efficiency and boosting earnings by $800 million this year and $1.7 billion in 2026. The carrier also plans to begin charging many passengers for checked bags and has introduced new fare tiers. Top-tier loyalty members will remain exempt from many of the changes. Southwest announced plans to end open seating a year ago as part of a broader business model overhaul but had not set a date until now.
Transcript
00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Southwest Airlines will introduce a signed seating for the first time on January 27th,
00:06ending its decades-long open seating policy, according to CNBC.
00:10Customers can begin booking with seat assignments on July 29th.
00:14The shift is part of a broader overall aimed at increasing efficiency
00:16and boosting earnings by $800 million this year and $1.7 billion in 2026.
00:22The carrier also plans to begin charging many passengers for check bags
00:26and has introduced new fair tiers.
00:27Top-tier loyalty members will remain exempt from any of the changes.
00:31Southwest announced plans to end open seating a year ago
00:33as part of a broader business model overhaul, but had not set a date until now.
00:38For all things money, visit Benzinga.com.

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