Southwest Airlines no longer includes two free checked bags for all fares. Here’s who still qualifies, how much fees cost, and how it compares to other airlines.

Key Points Southwest shares are getting a lift from Delta, which reported better-than-expected second-quarter results.While Delta's commentary on overall demand is promising, Southwest investors would be wise to consider the differences between the two airlines and wait to hear from Southwest management directly.

Southwest Airlines (NYSE:LUV) hit a 52-week high at $36.13, signaling renewed investor confidence and marking a major milestone for the airline. With a market cap of $20.34 billion and trailing 12-month revenue of $27.

Nearly a year after Southwest Airlines filed a lawsuit against the City of San Antonio over access to a planned new airport terminal both sides will soon make their case in court.