DALLAS, June 10, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) today reiterated its willingness to meet with Elliott Investment Management L.P. ("Elliott") to further discuss the airline's strategy to enhance value for all Shareholders:Southwest Airlines maintains an open dialogue with our Shareholders and values their perspectives related to enhancing Shareholder value. We were first contacted yesterday by Elliott.Our Board and Executive Leadership Team are thoughtfully reviewing Elliott's letter ...

Key TakeawaysThe S&P 500 gained 0.3% on Monday, June 10, 2024, posting a new record closing high ahead of the Federal Reserve's interest rate meeting later this week.Southwest Airlines shares soared after an activist investor called for a shakeup of the company.Huntington Bancshares stock tumbled after its CFO said the regional bank expects its net interest income to decline more than previously forecast. Major U.S. equities indexes ticked higher to kick off a new trading week that will see the Federal Rese ...

By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email.Access your favorite topics in a personalized feed while you're on the go. download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewSouthwest Airlines touts itself as the "LUV" carrier with its two free checked bags and comedic flight crew ...

Shares of Southwest Airlines (LUV) gained significantly in pre-market trading on Jun 10, following a report  in The Wall Street Journal that Elliott Investment Management has built a stake of nearly $2 billion in it. Per the report, Elliott is one of the largest investors at the Dallas-based low-cost carrier.Elliott, one of the world's most prominent investors, aims to discuss with the carrier’s management and push for changes at Southwest which is currently mired in multiple headwinds. LUV is currently suf ...

Major Sale Alert: Up to 50% Off Base FaresStarting today, June 10, at noon Central Time (CT), Southwest Rapid Rewards® Members can take advantage of early access to the Wanna Get Away Week sale, which is available only on mobile devices and the Southwest® app, saving up to 50% off base fares for their next adventure for continental U.S. travel flown between Aug. 6 and Dec. 18, 2024, and international, Hawaii, and Puerto Rico travel between Aug. 20 and Dec. 17, 2024. Members can use BDAY in the promo code bo ...

Elliott Investment Management called for leadership change at Southwest Airlines on Monday after reporting a stake worth about $1.9 billion in the US carrier.Southwest’s shares rose more than 7% on Monday.The activist investment management firm said Southwest’s “poor execution” and its leadership’s “stubborn unwillingness” to evolve the company’s strategy have led to deeply disappointing results for shareholders, employees and customers. 3 Activist investor Elliott Investment Management blasted Southwest’ ...

LOS ANGELES, CA - MAY 24: Southwest Airlines Boeing 737-752 arrives at Los Angeles International ... [+] Airport during Memorial Day weekend on May 24, 2024 in Los Angeles, California. (Photo by AaronP/Bauer-Griffin/GC Images)GC ImagesSouthwest Airlines (NYSE: LUV) stock will be in focus on Monday, June 10, after reports of Elliott Management building a position of $2 billion in the airline has emerged. Elliott Management is known for forcing management changes in the companies in which it builds positions. ...

Southwest Airlines shares jumped on Monday after activist investor Elliott Investment Management took a $2 billion stake in the carrier. Elliott, in a letter sent to Southwest's board on Monday, called on the airline to make leadership changes and take other actions, arguing the carrier needed to improve its financial performance.CLICK HERE TO READ MORE ON FOX BUSINESS In the letter, Elliott executives said Southwest should remake its board with "new, truly independent directors" and hire new leadership fro ...

Key TakeawaysSouthwest Airlines shares surged Monday on word activist investor Elliott Investment Management took a $1.9 billion stake in the carrier and called on its board to make changes.Elliott blamed poor execution and leadership's inability to move the company forward for Southwest's struggling stock price.The investor said with the changes it recommends, Southwest shares could soar. Southwest Airlines (LUV) shares flew higher Monday after activist investor Elliott Investment Management announced it h ...

Southwest Airlines (NYSE:LUV) jumped 8% over the weekend on news Elliott Management invested $2 billion in LUV stock.The move makes Elliott one of Southwest’s biggest owners.The activist investor is expected to push for changes aimed at increasing returns to investors.LUV stock was due to open this morning at about $30 per share, and its market capitalization was nearly $18 billion.Not Feeling the LuvWhile the news means LUV stock is now up slightly for 2024, it’s down over the last 12 months and off 40% fr ...