Southwest Airlines Lays Out Overhaul, and Stock Gains
WEB21 hours ago · The hedge fund contends that Southwest can better contain rising costs and improve profit margins. To do that, Elliott says, the airline needs new board members and a new chief executive.
Southwest Airlines authorizes $2.5 billion stock buyback ... - UPI
WEB1 day ago · Southwest Airlines Thursday authorized $2.5 billion for stock buybacks to defeat a bid from activist shareholder hedge fund Elliot Management. Southwest shares rose roughly 10% on news of the action.
Hedge fund Elliott poised for next step in Southwest Airlines …
WEB2 days ago · The hedge fund has already named 10 candidates it believes would be a good fit for the board, but Southwest has only agreed to consider up to three of those named. Advertisement
Hedge fund Elliott Investment Management steps up pressure on Southwest …
WEBSep 3, 2024 · DALLAS (AP) — Elliott Investment Management, a hedge fund urging Southwest Airlines to dump its CEO and chairman, said Tuesday it has acquired enough of the company’s stock to call a special meeting of shareholders.
Southwest Airlines says it will introduce assigned seats and …
WEB1 day ago · DALLAS (AP) — Southwest Airlines executives on Thursday unveiled their vision for Southwest 2.0, an airline that for the first time will give passengers assigned seats, charge them extra for more legroom and offer red-eye flights.And bags still will fly free. The airline will also repackage its sale of vacation packages. It will seek partnerships with international airlines, starting with ...
Southwest Airlines CEO says he won't resign. A hedge fund is …
WEBJun 12, 2024 · The CEO of Southwest Airlines said Wednesday, June 12, 2024, that he will not resign in the face of pressure from a hedge fund that wants him fired and that his leadership team will produce its own plan to boost the airline’s financial performance.
Hedge Fund Elliott Investment Management Steps up Pressure on Southwest …
WEBSep 3, 2024 · DALLAS (AP) — Elliott Investment Management, a hedge fund urging Southwest Airlines to dump its CEO and chairman, said Tuesday it has acquired enough of the company's stock to call a...
Southwest Airlines braces for proxy battle with activist ... - Quartz
WEBSouthwest Airlines is bracing for a 'battle for the heart of our company' against an activist hedge fund Elliott Investment Management has set the stage for a proxy battle for …
Southwest Airlines spells out changes designed to boost profit
WEB17 hours ago · The moves away from Southwest’s simple business model and quirky traditions come as airline management faces pressure from activist investor Elliott Investment Management.The hedge fund blames ...
Elliott's Latest Shot At Southwest: What Precedent Do The Hedge Fund's ...
WEBSep 6, 2024 · Summary. Elliott Management's aggressive intervention seeks to reshape Southwest Airlines' management and strategy. The hedge fund's massive stake gives it significant power, allowing it to pressure for executive changes. Southwest Airlines faces immense challenges as Elliott criticizes the current …