Herb Kelleher, Southwest Airlines founder, dies at 87

New York (CNN Business)Herb Kelleher, the eccentric founder of Southwest Airlines, died Thursday. He was 87. Kelleher was a young lawyer living in Texas before leaving his firm to start Southwest in the 1960s with the goal of providing low-cost transportation among Houston, Dallas and San Antonio. But then-competitors Braniff, Trans Texas, and Continental Airlines fought to keep his startup out of the skies with a temporary restraining order. Kelleher personally fought the ban, without charging a penny in legal fees, all the way to the Supreme Court of Texas, which eventually ruled in favor of Southwest. The company — which has become known for its cheap fares, lack of seating assignments and all-coach cabins — began flying in 1971. …