Southwest Airlines CEO Bob Jordan said Wednesday he has no intention of stepping down despite pressure from activist Elliott Investment Management. Jordan, who has served as the carrier’s CEO since February 2022, made the comment on Wednesday while speaking with journalists after an industry-related event.Jordan has received harsh criticism from Elliott, which earlier this week urged Southwest to replace him and Executive Chairman Gary Kelly with new leaders from outside the company. SOUTHWEST SHARES JUMP A ...

Southwest Airlines CEO Bob Jordan said the company is ready to adapt to changing customer trends like premium seating as pressure from an activist investor mounts."We will adapt as our customers' needs adapt," Jordan said at an industry event hosted by Politico on Wednesday.Jordan's comments came two days after hedge fund Elliott Management disclosed a $1.9 billion stake in Southwest and said the carrier needs a new CEO and new chairman.Jordan told investors in April that the airline is considering major ch ...

After a long year and a half of trading within a tight $27 to $35 channel roughly, shares of Southwest Airlines Co. NYSE: LUV have finally run into the catalyst investors were looking for to bring this company back to its former glory what some may even call its actual value.Southwest Airlines TodayLUVSouthwest Airlines$28.05 -1.65 (-5.56%) 52-Week Range$21.91▼$39.53Dividend Yield2.57%P/E Ratio44.52Price Target$29.88Add to WatchlistActivist investor hedge fund Elliott Management has announced a $1.9 billion ...

rypson Elliott Investment Management made a large investment in Southwest Airlines Co. (NYSE:LUV) due to huge underperformance by the airline. The ironic part is that the better performing airline stocks are incredible bargains and don't require strategic turnarounds to work. My investment thesis is Bullish on the stock due to expected higher margins and profits over time. Source: Finviz Big Upside Potential Elliott invested $1.9 billion in Southwest Airlines, calling for an upgrade in leadership to i ...

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’ ...