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 ...

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 ...