With Delta’s pledge to cut its flight capacity 13 percent in the second half of 2008, up from 10 percent, about all the legacy airlines are in full retreat from high gas prices.
Delta’s case is complicated, of course, by its proposed takeover of Northwest.
That said, between the capacity cuts and the checked bag charges, I have to believe Southwest is sitting in the catbird seat. It’s given no indication so far that it will follow either trend.
I’ve not read Jim Jubak or other MSN analysts in a week or two, but, if I were buying stock later this year, I’d take a look at Southwest.
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