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Southwest Airlines breaks with another tradition and checked bags will cost you now

southwest airlines-1.9035579 Birmingham, AL, USA - March 26, 2018: Southwest Airlines departing Birmingham, AL (jcheris/southwest airlines)

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Southwest Airlines says it's going to begin charging certain customers a fee to check bags, as the budget airline continues to look for ways to increase its revenue. 

The company also announced Tuesday that it will roll out a new, basic fare on its lowest priced tickets bought on or after May 28. 

In a regulatory filing, Southwest disclosed that it now anticipates first-quarter revenue per available seat mile will be up 2% to 4%. 

Its prior forecast was for an increase of 5% to 7%. 

The airline said it expects capacity to be down about 2%.