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Service dogs flying on Southwest.
These good bois (or girls) should still get to sit wherever they want (Getty Images)

Southwest ditches its love-it-or-hate-it open seating policy

After decades of open boarding, the company is planning “transformational” changes to make its boarding and seating just like everybody else’s.

7/25/24 8:12AM

Southwest’s, which built a reputation over decades for being different than all the other airlines, has decided it should probably just be like all the other airlines. 

The company said Thursday that it would do away with its love-it-or-hate-it open seating policy and instead change its boarding process, assign seats, and offer premium seating options. About a third of Southwest’s seats will now offer extended legroom, “in line with that offered by industry peers,” the company said.

There’s lots of talk in the press release about meeting customers’ needs and “fostering more loyalty” among flyers, but a company executive also said the quiet part out loud: “These changes are expected to generate additional revenue as we capitalize on greater demand.”  

Just in case any Southwest aficionados want to complain about the changes, the airline has a whole bevy of stats ready to explain to you how great of an idea this is: Southwest said it did “thoughtful and extensive research” on the changes and that 80% of Southwest customers and 86% of potential customers prefer to have an assigned seat. 

It also says it ran live boarding trials and “over 8 million simulation-based boarding trials” before committing to the change. (No word on whether the simulated boarding trials included a person who spends 10 minutes trying to jam their absolutely stuffed carry-on into the overhead bin when it’s painfully obvious to anybody with eyeballs that it isn’t gonna fit, then has to clog the aisle all the way back to the front of the plane to check it.)

The moves come as Southwest contends with activist investor Elliott Investment Management, which has built up a $1.9 billion stake in the company and is agitating for operational changes. 

Southwest stock was down about 5% in premarket trading, though it’s unclear whether that’s a reaction to the changes or the 46% drop in quarterly profit Southwest also reported.

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Fox and News Corp slide as investors digest $3.3 billion Murdoch succession settlement

Fox and News Corp shares dropped on Tuesday after Rupert Murdoch’s heirs agreed to a $3.3 billion settlement to resolve a long-running succession drama.

Under the deal, Prudence, Elisabeth, and James Murdoch will each receive about $1.1 billion, paid for in part by Fox selling 16.9 million Class B voting shares and News Corp selling 14.2 million shares. The stock sales will raise roughly $1.37 billion on behalf of the three heirs.

The new trust for Lachlan Murdoch will now control about 36.2% of Fox’s Class B shares and roughly 33.1% of News Corp’s stock, granting him uncontested voting authority over both companies for the next 25 years. Originally, the Murdoch trust was designed to hand over voting control of Fox and News Corp to Prudence, Elisabeth, Lachlan, and James after his death.

Investors are weighing the trade-off. Clear leadership under Lachlan may resolve conflict internally, but the share dilution, executed at a roughly 4.5% discount, means long-term investors now hold slightly less clout than before.

Both companies’ stocks were trading close to all-time highs prior to the announcement.

385 ✈️ 434

Boeing on Tuesday announced that it delivered 57 commercial jets in August, its best total for the month in seven years. That brings its year-to-date delivery total to 385 planes, eclipsing its full-year 2024 figure by about 11%.

The August figure marked Boeing’s second-highest delivery total of 2025 and represented a 43% jump from the same month last year. Through August, Boeing has boosted its deliveries by 50% from last year.

The plane maker is still trailing its European rival Airbus, which delivered 61 planes in August and 434 year to date.

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