31 January 2014
Southwest Airlines (NYSE: LUV) said it has been notified of its winning bid in an auction for 54 slots, allowing 27 additional daily flights that will bring more competition to Reagan National Airport, three miles from downtown Washington, D.C.
Details of the carrier´s bid to acquire divested slots remain confidential under terms of the deal and are subject to final approval of the Department of Justice and completion of customary written agreements.
The additional slots will translate to an increase in Southwest´s service at Reagan National from 17 daily departures to 44 daily departures. The carrier plans to announce destinations, schedules, and fares for the additional flights later this quarter and anticipates it will begin flying in the third quarter of 2014.
The slots that Southwest will purchase at Reagan National became available as a result of a settlement of litigation last Autumn by the US Department of Justice against the merger of American Airlines and US Airways. In a separate development, Southwest recently announced new service between Reagan National and Kansas City International Airport beginning Feb. 1, 2014.
In its 43rd year of service, Dallas-based Southwest Airlines serves 96 destinations in 41 states, the District of Columbia, the Commonwealth of Puerto Rico, and five near-international countries via its subsidiary, AirTran Airways. Its website is at southwest.com