Activist investor Elliott Investment Management has continued pushing for a "comprehensive" review of Southwest Airlines' business while building its stake in the carrier. Elliott now holds 10% of the airline’s common stock, a Tuesday filing with the Securities and Exchange Commission (SEC) showed, allowing it to call a special meeting with Southwest.The investment firm has also advocated for numerous changes at Southwest that it has argued will improve the carrier’s financial performance. As part of Elliot ...

Boarding1Now Elliott Investment Management has pushed Southwest Airlines Co. (NYSE:LUV) to make corporate changes to drive improved shareholder returns. The airline struggled in the last decade as legacy airlines have improved operations and the business became stale. My investment thesis remains Bullish on the stock due to the cheap valuation, but the activist investor has simpler paths to solid returns in the sector. Source: Finviz Special Meeting According to Reuters, Elliott now owns 11% of the outstand ...

The Dallas-based low-cost carrier, Southwest Airlines (LUV) , performed very well during the summer season, making most of the upbeat air travel demand scenario. LUV operated more than 414,000 flights during the period (May 24-Sept. 2, 2024), carrying a record 54 million passengers. Reflecting the highly impressive on-time performance, the completion factor (percentage of scheduled flights completed without cancellation or diversion) during summer was 99.3% compared with 97.3% a year ago.On Labor Day, there ...

Airline achieves 100 percent completion factor on Labor DayDALLAS, Sept. 3, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) closed out summer travel with zero cancellations on Labor Day, highlighting yet another reliable operation during the airline's peak season."I'm so proud of our Employees for staying focused on Safety and running a great operation this Labor Day, and all summer long," said Bob Jordan, President, CEO & Vice Chairman of the Board of Directors at Southwest Airlines. "It's further ...

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 ...

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 ...