DALLAS, Aug. 14, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) (the "Company") has the following response to an announcement made by one of its Shareholders, Elliott Investment Management L.P. ("Elliott"), stating its intention to replace a majority of the Southwest Airlines Board of Directors by nominating 10 candidates.Since Elliott launched its campaign against Southwest Airlines, the Board has consistently sought to engage constructively and in the best interests of all Shareholders. Elliott h ...

Elliott Intends to Nominate Ten Independent, Highly Qualified CandidatesCandidates Bring Best-in-Class Experience in Airlines, Technology, the Consumer and Hospitality Sectors, Labor Relations and Regulatory OversightElliott Takes Key Step Toward Implementing Urgent Changes at SouthwestFull Materials Available at StrongerSouthwest.comWEST PALM BEACH, Fla., Aug. 13, 2024 /PRNewswire/ -- Elliott Investment Management L.P. ("Elliott"), which manages funds that together have an approximately 11% economic intere ...

Activist investor Elliott Management is preparing to launch a proxy fight at Southwest Airlines, and intends to nominate as many as 10 directors to the company's 15-person board, according to a person familiar with the matter.Elliott plans to call a special meeting, rather than waiting for the company's annual shareholder meeting, the person said. Southwest's last shareholder meeting was held in May.The activist has already amassed an economic interest of roughly 11%, although only 7% is in common stock. El ...

DALLAS, July 31, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) Board of Directors declared a quarterly cash dividend of $.18 per share to Shareholders of record at the close of business on September 4, 2024, on all shares then issued and outstanding. The quarterly dividend will be paid on September 25, 2024. SW-DSR SOURCE Southwest Airlines Co. ...

Traveling has long been many people’s favorite way to spend their leisure time. Whether going to popular tourist destinations with friends or visiting loved ones across the country, traveling is many people’s favorite thing to look toward during a summer vacation. Considering the timing, investors might want to look into travel stocks.The travel industry has rebounded from the lows during the pandemic, so many might believe that now is a great time to buy travel stocks. However, there are still reasons to b ...

Key TakeawaysElliott Investment Management again criticized Southwest executives following the carrier's announcement of new revenue-enhancing efforts. The private equity firm blamed Southwest's management for waiting too long to make needed changes, and called for a shakeup.Elliott took a $1.9 billion stake in the airline in June, when it first said it wanted new leadership at Southwest. The friction between Elliott Investment Management and the leadership of Southwest Airlines (LUV) intensified after the ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission File No. 1-7259 SOUTHWEST AIRLINES CO. (Exact name of registrant as specified in its charter) Texas 74-1563240 (State or other ...

DALLAS, July 26, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) has new flights available for booking today as the carrier continues responding to Customer demand and preferences with additional service around popular events in Southwest® destinations, as well as redeye operations for the first time. Flexibility for Football After expanding our college football and professional football playbooks, Southwest Airlines®—the Official Airline of the Southeastern Conference—is kicking off additional roun ...

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page.Deutsche Bank analyst Scott Deuschle downgraded the rating for L3Harris Technologies, Inc. LHX from Buy to Hold, but increased the price target from $245 to $257. L3Harris Technologies shares gained 2.6% to settle at $243.27 on Thursday. See how other analysts view this stock. See how other analysts view this ...

A convincing bottom-line beat and notable strategic change excited investors about the company's future.One of the winners on the stock exchange Thursday was Southwest Airlines (LUV 5.52%). The ever-scrappy carrier's share price had plenty of lift, with investors sending it up by more than 5% following an estimate-beating quarterly earnings report.An announcement of certain changes in operating strategy also helped. That 5%-plus gain contrasted with the S&P 500 index, which slumped to close 0.5% lower on th ...