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'We Have Our Best Days Before Us'

CALL IT A BLACK SWAN EVENT. THIS YEAR FOR THE FIRST TIME in history, Southwest Airlines will shrink. That's right: The carrier that wrote the book on consistent growth is cutting back, reducing seat miles 4% compared to 2008, after growing in every year since it commenced service in June 1971.

CALL IT A BLACK SWAN EVENT. THIS YEAR FOR THE FIRST TIME in history, Southwest Airlines will shrink. That's right: The carrier that wrote the book on consistent growth is cutting back, reducing seat miles 4% compared to 2008, after growing in every year since it commenced service in June 1971. "We are operating with an abundance of caution this year and certainly there is no change to our view that we want to keep the fleet steady and also trim unproductive flights," Chairman and CEO Gary ...

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