Southwest will end practice of overbooking, CEO says
Southwest Airlines will end its practice of overbooking, the carrier's CEO said Thursday morning.
The company has made the decision that well cease to overbook going forward, Southwest chief Gary Kelly said while discussing the companys quarterly earnings on CNBC. Weve been taking steps over the last several years to prepare ourselves for this anyway. We never like to have a situation where we were oversold
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Kelly gave that answer when asked if the airline industry should reconsider the practice after the subject became a hot topic in the wake of Uniteds passenger-dragging incident earlier this month.
I think thats an airline-by-airline decision. Ill speak for Southwest Airlines, he said to CNBC. We overbook very, very modestly today. The reason we overbook is to try to fill empty seats. To the extent were able to do that, were able to keep the rest of our fares lower.
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