Southwest Airlines ( LUV -1.04%) has not yet seen a rebound in demand for travel, disappointing investors who had been hoping for a quick turnaround. Southwest shares fell as much as 4.5% when comments were made by the company's CFO before rebounding somewhat and trading down 1% as of 2:30 p.m. ET.

The Trump administration has dropped a Biden-era lawsuit against Southwest Airlines, accusing the company of illegally operating chronically delayed flights.

Southwest Airlines will charge for checked bags and introduce a new basic fare tier, aligning with industry standards and enhancing revenue growth.

Southwest Airlines is about to implement a new safety measure that could shake up the industry. According to The Seattle Times, there have been 19 incidents on planes this year involving lithium-ion batteries.

The latest change at Southwest Airlines is another adjustment to how the Dallas carrier handles bags. The employees who provide curbside baggage service, known as skycaps, are leaving several airports as part of previously announced budget cuts.