May 13 (Reuters) - Southwest Airlines ( LUV ) on Tuesday
filed with U.S. regulators asking for a permit to fly more
international routes, including Europe, hinting at plans to
expand its limited global network.
The carrier's filing with the U.S. Department of Transport
seeks permission to transport "persons, property and mail" to
all countries with which the United States has an open skies
agreements. Those include countries across Europe, Latin America
and parts of Asia and Africa.
Southwest ( LUV ) currently flies within the U.S. and to some nearby
destinations in Mexico, the Caribbean and Central America.
It said in a statement the filing was "not necessarily
indicative of anything forthcoming" and that it was taking
advantage of the DOT's streamlined regulatory procedures for
international authority.
The filing comes at a time when Southwest ( LUV ) has been cutting
costs and looking to streamline its organizational structure.
Southwest ( LUV ) cut 15% of its corporate workforce in February, as
a part of its plan to reduce costs. This included 11 senior
leadership positions. The layoffs are estimated to save $210
million in 2025 and another $300 million in 2026.
The Texas-based company had said in March it would begin
charging customers for checked-in bags to lift earnings. It also
ended its open seating policy last year.
In April, Southwest ( LUV ) joined peers such as Alaska Air Group
and Delta Air Lines in withdrawing 2025 forecast
as the ongoing trade war caused heightened macroeconomic
uncertainty, denting Americans' ability to spend on
discretionary items such as travel.
Southwest ( LUV ) is more vulnerable to a slowdown as it largely
relies on price-sensitive leisure customers in the domestic
market.
Bloomberg News first reported on the filing earlier in the
day.