The problem isn't overbooking. The problem is not auctioning the seats higher when overbooked.
I've seen a number of overbooked southwest flights and people can't line up fast enough for a $300 flight credit + next available flight. I can't imagine it ever going over $1k.
IMHO if any airline should continue overbooking it's SWA. No first class, no assigned seats. Most of the flights are short range with multiple flights options every day. You're much more likely to agree to switch to the next flight if it means only waiting 2hrs.
I've seen a number of overbooked southwest flights and people can't line up fast enough for a $300 flight credit + next available flight. I can't imagine it ever going over $1k.
IMHO if any airline should continue overbooking it's SWA. No first class, no assigned seats. Most of the flights are short range with multiple flights options every day. You're much more likely to agree to switch to the next flight if it means only waiting 2hrs.