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Southwest ditched free bags and MGM added all-inclusive perks: how the travel industry is reinventing itself to survive

Summary by Fortune
If Spirit Airlines’ abrupt collapse sent a warning across the travel industry, it’s that resistance to change can carry real consequences. That reality is now shaping decisions at companies where long-standing business models are being reworked in response to shifting consumer expectations and tighter margins. Few shifts have been more visible than at Southwest Airlines, where recent changes—ending its long-held policy of two free checked bags a…

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Fortune broke the news in New York, United States on Tuesday, June 2, 2026.
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