Southwest Airlines Co., the U.S. carrier that is paring capacity growth for the second time in 35 years, must find $1 billion in annual revenue from new sources before it adds flights at a quicker pace, Chief Executive Officer Gary Kelly said.

Once the biggest low-cost airline hits its target, “I’m hopeful we’ll be able to grow at levels that we’re all used to,” Kelly said in an interview. “Until we do, there’s no reason to continue to

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