Group 1 - Southwest Airlines is ending its long-standing policy of free checked bags, introducing a new basic fare that charges $35 for the first checked bag and $45 for the second checked bag for flights booked or changed on or after Wednesday [1][6] - The new basic fare will be the cheapest but least flexible option offered by the airline [3] - CEO Bob Jordan stated that these changes aim to meet current and future customer needs and attract new customer segments [6] Group 2 - Rapid Rewards A-List Preferred members and customers on Business Select or Choice Extra fares will still receive two free checked bags for up to eight additional passengers on the same reservation [2] - A-List Members and Rapid Rewards Credit Card members will receive one free checked bag, encouraging more participation in the loyalty program [2] - Southwest is also planning to offer assigned seating and premium seating options across its network, a significant shift from its traditional open seating policy [9] Group 3 - The airline will change fare classes in the third quarter of 2025, introducing new options such as Choice Extra, Choice Preferred, and Choice, along with new seat options that will incur additional costs [10] - Southwest Airlines withdrew its financial forecast due to economic uncertainty, not reaffirming its previous forecast of $1.7 billion in earnings before interest and taxes in 2025 and about $3.8 billion in 2026 [11]

Kinsale Capital Group, Inc. (NYSE:KNSL) Q1 2025 Earnings Call April 25, 2025 9:00 AM ET Company Participants Michael Kehoe - Chairman and Chief Executive Officer Bryan Petrucelli - Chief Financial Officer Brian Haney - President and Chief Operating Officer Conference Call Participants Bill Carcache - Wolfe Research Andrew Andersen - Jefferies Michael Phillips - Oppenheimer Pablo Singzon - JPMorgan Bob Huang - Morgan Stanley Mark Hughes - Truist Securities Casey Alexander - Compass Point Operator Thank you f ...