Southwest Airlines' deal to take over 14 slots previously held by ATA Airlines at LaGuardia Airport will likely reshape air service, fares and capacity around New York. The move, which must be approved by the U.S. Bankruptcy Court and the FAA, may be copied by other low-cost carriers. "Southwest is very opportunistic and, given its strong balance sheet, has the ability to pounce on opportunities that present themselves, such as the LGA slots," said Darin Lee, a principal at LECG. "I suspect we'll see additional similar moves over the next year."

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