A Southwest Airlines jet comes in for a landing at Laguardia Airport in New York City, New York, U.S., January 11, 2023.Activist hedge fund Elliott Management has amassed a $1.9 billion stake in Southwest Airlines and plans to push for leadership changes at the airline that has lagged big rivals.Elliott is seeking to replace Southwest CEO Bob Jordan and chair Gary Kelly with outside candidates, the activist said in a letter and presentation Monday. Elliott believes that Southwest has fallen from a "best-in- ...

Discloses Approximately $1.9 Billion PositionCalls for Upgraded Leadership and Comprehensive Business ReviewBelieves Southwest Stock Can Achieve $49 per Share, a 77% ReturnFull Letter and Presentation Available at StrongerSouthwest.comWEST PALM BEACH, Fla., June 10, 2024 /PRNewswire/ -- Elliott Investment Management L.P. ("Elliott"), which manages funds that together have an investment of approximately $1.9 billion in Southwest Airlines Co. (NYSE: LUV) (the "Company" or "Southwest"), today sent a letter to ...

About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...

Thinking about travel stocks to sell may seem counterintuitive, with the summer season expected to heat things up for the travel industry. Despite the macroeconomic headwinds, analysts expect robust demand in the upcoming months. Additionally, travel companies have rebounded from the pandemic-led slowdown and are ready to spread their wings.However, recent insights from Deloitte suggest caution. Planned discretionary spending remains weaker for the U.S. consumer while intentions for housing spending are cli ...

DALLAS, June 7, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) announced its ranking as the top airline on Forbes America's Best Employers for Veterans List, which recognizes employers who create workplaces where former and current military members can thrive. "We're proud to receive this honor as we strive to foster a workplace that our veterans, service members, and their families treasure every day," said Lindsey Lang, Vice President People at Southwest Airlines. "We appreciate each of our milit ...

"Our Customer-friendly and industry-leading policies allow our People to deliver the Legendary Customer Service and warm Hospitality they're famous for," said Bob Jordan, Southwest Airlines President, Chief Executive Officer, & Vice Chairman of the Board of Directors. "It's a true testament to our Employees, and an honor, to be recognized three times in a row as the Leader in Economy Class Customer Satisfaction by J.D. Power."Southwest Airlines® scored the highest in all seven study dimensions including Day ...

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 stock (NYSE: LUV) currently trades at $27 per share, more than 55% below its level in April 2021, and it can see higher levels over time. Southwest Airlines Southwest Airlines saw its stock trading at around $36 in early June 2022, just before the Fed starte ...

"This is a great opportunity to HI 5 our Customers for supporting five years of Southwest service in five airports across Hawaii by showcasing and sharing one of the great perks of being part of our Rapid Rewards program," said Jonathan Clarkson, Vice President Marketing at Southwest Airlines. "Hawaii on Southwest is available nonstop from eight mainland gateways, and we're excited for this opportunity to truly connect our Customers for travel between the mainland and the Hawaiian islands." To qualify, Rapi ...

New Route Would Provide Low-Fare Competition and West Coast Connectivity with the Nation's CapitalDALLAS, May 20, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE:LUV) will apply to the U.S. Department of Transportation (DOT) for new, daily nonstop service between Ronald Reagan Washington National Airport (DCA) and Harry Reid International Airport in Las Vegas (LAS). The carrier is seeking one of five new round-trip flights made available at DCA through the FAA Reauthorization Act of 2024.The new nonstop s ...

In recent years, Southwest Airlines Co. (NYSE:LUV) has weathered its fair share of challenges. From operational hurdles to strategic decisions, the company has navigated through turbulent times. However, amidst these difficulties, there are indications that Southwest might be on the path to recovery.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.One significant event that impacted Southwest’s stock performance in recent months was the announcement of ...