Southwest Airlines is at a crossroads with its "bags fly free" policy as Elliott Investment Management reportedly pushes for changes after acquiring a $1.9 billion stake. The airline is considering introducing fees for checked bags, aligning more with industry trends that saw $33.3 billion in baggage fees last year.
Elliott Investment Management, an activist investor, has built a nearly $2 billion stake in Southwest Airlines, and is set to advocate for changes to enhance the airline's underperforming shares.
On Friday morning, United Airlines announced its media network entitled Kinective, the first media network to use travel insights for personalized, real-time ads, content and offers from top brands.
Archer Aviation's shares surge as the company receives Part 135 Air Carrier & Operator Certificate from the FAA, paving the way for commercial aircraft operations and advancement towards its urban air taxi goals.