In its upcoming report, Southwest Airlines (LUV) is predicted by Wall Street analysts to post quarterly earnings of $0.05 per share, reflecting a decline of 86.8% compared to the same period last year. Revenues are forecasted to be $6.8 billion, representing a year-over-year increase of 4.2%. Over the last 30 days, there has been an upward revision of 21.7% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their i ...

A Southwest Airlines plane takes off from Hartsfield-Jackson Atlanta International Airport (ATL) in Atlanta, Georgia, US, on Friday, July 12, 2024.Elliott Investment Management and Southwest Airlines have been discussing a settlement that would give the activist investor significant representation on the airline's board, according to people familiar with the matter.The settlement talks are predicated on a deal that would give Elliott less than full board control, said the people, who asked not to be named b ...

Southwest Airlines Co. (LUV) is scheduled to report third-quarter 2024 results on Oct. 24.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Southwest Airlines surpassed the Zacks Consensus Estimate in two of the preceding four quarters, the average beat being 61.62%. However, the company missed the Zacks Consensus Estimate in one quarter and met the mark in the remaining quarter.Let’s see how things have shaped up for Southwest Airlines this earnings season.LUV’s Q3 ExpectationsThe Za ...

Southwest Airlines (LUV) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on Oc ...

Roanoke, Virginia, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Virginia Credit Union and its Member One division are providing $25,000 to support Southwest Virginia communities devastated by the remnants of Hurricane Helene. The donation to the United Way of Southwest Virginia's Disaster Relief Fund will support local residents, with 100 percent of the donation helping individuals and families in need. "Our thoughts are with those impacted by Helene because we know that for many in our credit union family and our nei ...

Reiterates Efforts to Reach Constructive Resolution with Elliott Outlines Actionable Steps Taken to Position Southwest for the FutureShareholders Not Required to Take Immediate ActionDALLAS, Oct. 14, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) ("Southwest" or the "Company") today confirmed that Elliott Investment Management L.P. ("Elliott") requested a Special Meeting of Shareholders to consider Elliott's proposals, including to remove without cause eight members of Southwest's Board of Director ...

Take AwaysElliott Investment Management has called for a special meeting of Southwest Airlines shareholders in December. The investment firm has nominated eight board candidates, and has recommended removing eight current board members.It is the latest volley in a back-and-forth between the firm and the airline. Elliott Investment Management on Monday called for Southwest Airlines (LUV) shareholders to elect its slate of candidates to the company’s board. Elliott, which says its funds own about 11% of the a ...

Core Viewpoint - Elliott Investment Management is pushing for a special shareholder meeting to vote on new director candidates to influence Southwest Airlines' strategy, citing insufficient improvements from recent changes [1][2]. Group 1: Elliott's Actions and Proposals - Elliott has called for a special meeting in December to propose replacing eight directors and gaining control of the board [1]. - The hedge fund owns 10% of Southwest's common stock and manages approximately $70 billion in assets [1]. - Elliott has criticized the current board's performance and has been advocating for the ouster of CEO Bob Jordan [1][4]. Group 2: Southwest Airlines' Current Situation - Southwest Airlines has a market capitalization of $18.45 billion and has struggled to maintain profitability since the COVID-19 pandemic [1][2]. - The airline's stock price has decreased by 42% over the last five years but has seen an 8% increase in 2024 [3]. - Recent initiatives by Southwest include adding more legroom to seats, dropping the open seating system, and launching partnerships and vacation packages [2][3]. Group 3: Board Composition and Changes - The current board has 15 members, which will reduce to 13 next month and further to 12 at the next annual meeting [2]. - A new director was added earlier this year, and six directors are set to leave in November, with executive chairperson Gary Kelly departing in May next year [3][4]. - Elliott's proposed director candidates have significant industry and regulatory experience, including former executives from Ryanair and Virgin America [4].

Travelers check in at a Southwest counter at Hartsfield-Jackson Atlanta International Airport (ATL) in Atlanta, Georgia, US, on Tuesday, July 23, 2024.Elliott Investment Management has requested a special meeting at Southwest Airlines, formalizing the launch of a long-signaled proxy fight for control of the carrier's board.The activist is seeking a meeting date of Dec. 10, it said Monday. Elliott has also trimmed the size of its board slate from 10 director candidates to eight, after Southwest shrunk its bo ...

Submits Proposals to Elect Eight Independent Best-in-Class Nominees and Remove Eight Current DirectorsCalls on Southwest to Confirm Meeting Date Promptly Without Unnecessary Delay Shareholders Should Take Action As Soon As Possible to Ensure They Are Able to Vote Their SharesWEST PALM BEACH, Fla., Oct. 14, 2024 /PRNewswire/ -- Elliott Investment Management L.P. ("Elliott"), which manages funds that together have an investment representing an approximately 11% economic interest in Southwest Airlines Co. (NYS ...