Key TakeawaysElliott Investment Management disclosed Tuesday that it has more than 10% ownership of Southwest Airlines, giving it the right to call a special meeting.The hedge fund has been critical of the airline's management, and has announced a slate of candidates for Southwest's board.Southwest has rejected Elliott's efforts, recently adopting a so-called "poison pill" defense to deter the firm from gaining enough shares to win control or take over the airline without the board's consent. Shares of Sout ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Shares of Dallas, TX-based airline heavyweight Southwest Airlines Co. (LUV) ) have not had a good time on the bourses of late, declining in double-digits over the past 180 days. The disappointing price performance resulted in LUV underperforming its industry in the said time frame as well as the S&P 500, of which the airline is a key member. Additionally, LUV’s price performance compares unfavorably with that of fellow U.S. airline operators United Airlines (UAL) and Alaska Air Group, Inc. (ALK) in the same ...

Activist hedge fund Elliott Investment Management doubled down on its calls to turn over Southwest Airlines leadership in a letter to shareholders. Elliott, headed by billionaire investor Paul Singer, has gained a reputation for turning around downtrodden companies with a sometimes aggressive approach. Most recently, the firm was integral in pushing out Starbucks CEO Laxman Narasimhan and appointing Brian Niccol, the former Chipotle boss who led the chain’s shares skyward.  4 Activist investor Elliott Inv ...

Southwest Airlines airplanes negotiate gates at BWI in October 2021. (Photo by Kevin Dietsch)Getty ImagesThere’s no question that Oscar Munoz was good for United Airlines. He came in as CEO at a tough time, fixed problems, and then did what many executives cannot: he managed succession well. Munoz hired Scott Kirby soon after Kirby was fired by American. Then Kirby put United in a spot where most people in the airline industry think it is now better than American.On Thursday, in Fortune magazine, Munoz argu ...

Airline adds nonstop international service between Nashville and both Punta Cana and Cabo San Lucas/Los Cabos and between Sacramento and Puerto Vallarta beginning March 8, 2025*Increases flights to support fans traveling for fall football matchupsContinues strengthening network with new seasonal and redeye service DALLAS, Aug. 22, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) extended its flight schedule today, allowing Customers to book travel through April 7, 2025. The airline is offering Custom ...

Southwest Airlines TodayLUVSouthwest Airlines$26.52 -0.21 (-0.79%) 52-Week Range$21.91▼$35.18Dividend Yield2.71%P/E Ratio42.10Price Target$28.38Add to WatchlistThe country’s largest regional airline, Southwest Airlines Co. NYSE: LUV, shares are rising as famed activist investor Elliott Management seeks to replace the company's leaders through a proxy war. Elliott made headlines recently after Starbucks Co. NASDAQ: SBUX pulled a coup by hiring Chipotle Mexican Grill Inc. NYSE: CMG CEO Brian Niccol to be its ...

Southwest Airlines CEO Bob Jordan is scrambling to gain investor support while buckling down for a proxy fight as activist hedge fund Elliott Investment seeks to oust him and two-thirds of the board.“If it’s a fight they want, it’s a fight they will get,” Jordan said in a Wednesday memo to employees seen by Reuters.Jordan – who became CEO in 2022 after a 30-year career at the company – has been meeting with investors to try to garner their support. The investor tour comes after Elliott revealed its hand las ...

Activist hedge fund Elliott Investment Management has launched a battle to seize control of the board at Southwest Airlines as it pushes to oust the airline’s chief executive and improve performance, the firm said.Elliot seeks to replace 10 of 15 directors, escalating a proxy fight over who should lead the airline and how it should change. The board nominees by the firm include transportation and airline bigwigs like Michael Cawley, a former Ryanair executive; David Cush, Virgin Air’s former CEO; Robert Mil ...

Key TakeawaysElliott Investment Management says it intends to nominate 10 directors to Southwest Airlines' 15-person board.Elliott, which manages funds that own around 11% of the Dallas-based airline, has been fighting to change the board and leadership at the carrier.Southwest said it will evaluate Elliott's director nominees as "part of its ongoing board refreshment process." Its shares were little changed in morning trading. Elliott Investment Management is preparing to launch a fight for control for co ...