Southwest Airlines Looks to New Lounges to Attract High-Spend Customers

Southwest Airlines CFO Tom Doxey said at the Morgan Stanley Laguna investor conference that the carrier expects loyalty benefits from lounges it plans to open next year, along with a premium credit card. He said a premium card can attract higher FICO score customers, increase top-of-wallet share and bring a more aspirational halo to the loyalty program and brand. Southwest announced earlier this month that it will launch its first four lounges in Austin, Baltimore, Nashville and other locations.