Southwest Airlines is cutting about 300 employees from AirTran Airways’ workforce at Hartsfield-Jackson International Airport as it reshapes AirTran’s operation in Atlanta.
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Southwest announced a first quarter profit of $59 million, down from $98 million a year earlier.
The Dallas-based carrier said the results announced Thursday were affected by charges due to its acquisition of AirTran and changes in the value of fuel contracts. Southwest said revenue is soft for April, but bookings for May and June have been “solid.”
Southwest, which has long charged no change fees, also said Thursday it is putting in place a “No Show” policy for reservations starting May 10 for travel Sept. 13 or later. The new policy means customers who book nonrefundable fares and don’t show up for their flights will lose the value of their tickets. But if they cancel flights prior to departure, they will still be able to use the funds to fly Southwest in the future without a change fee.