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 ...

Southwest Airlines CEO Bob Jordan is scrambling to gain investor support while buckling down for a proxy fight as activist hedge fund Elliott Investment seeks to oust him and two-thirds of the board.“If it’s a fight they want, it’s a fight they will get,” Jordan said in a Wednesday memo to employees seen by Reuters.Jordan – who became CEO in 2022 after a 30-year career at the company – has been meeting with investors to try to garner their support. The investor tour comes after Elliott revealed its hand las ...

Activist hedge fund Elliott Investment Management has launched a battle to seize control of the board at Southwest Airlines as it pushes to oust the airline’s chief executive and improve performance, the firm said.Elliot seeks to replace 10 of 15 directors, escalating a proxy fight over who should lead the airline and how it should change. The board nominees by the firm include transportation and airline bigwigs like Michael Cawley, a former Ryanair executive; David Cush, Virgin Air’s former CEO; Robert Mil ...

Key TakeawaysElliott Investment Management says it intends to nominate 10 directors to Southwest Airlines' 15-person board.Elliott, which manages funds that own around 11% of the Dallas-based airline, has been fighting to change the board and leadership at the carrier.Southwest said it will evaluate Elliott's director nominees as "part of its ongoing board refreshment process." Its shares were little changed in morning trading. Elliott Investment Management is preparing to launch a fight for control for co ...

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 ...