The Federal Aviation Administration is investigating after a Southwest Airlines flight reportedly plunged to “within 400ft” of the Pacific Ocean during a flight.A memo distributed to Southwest pilots, obtained by Bloomberg, said that the Boeing 737 Max 8 plunged at a rate of 4,000ft a minute off the coast of Hawaii, coming within hundreds of feet of the ocean before climbing to safety.News of the incident comes as investigators said a Southwest-operated Boeing 737 Max 8 sustained significant damage after it ...

MILWAUKEE, June 12, 2024 (GLOBE NEWSWIRE) -- The Artisan Partners Global Value Team today sent a letter to the Board of Directors of Southwest Airlines Co. (NYSE:LUV). The full text of the letter is as follows: June 12, 2024 The Board of Directors Southwest Airlines Co. 2702 Love Field Drive Dallas, TX 75235-1611 Dear Members of the Board: We are writing to you on behalf of the Global Value investment team at Artisan Partners Limited Partnership. Currently, our discretionary investment management clients co ...

Southwest Airlines CEO Bob Jordan said Wednesday he will not resign as the air carrier faces pressure from activist investor Elliott Investment Management..“We want to understand what their ideas are, they may have great ideas,” Jordan told reporters in Washington after an event. “At the end of the day, we are going to treat Elliott like any other investor. We’ll sit down and listen to them…. Southwest is a great company. We have a great plan and will execute.”Elliott on Monday called for leadership and boa ...

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 ...

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