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Elliott takes $1.9 billion stake in Southwest Airlines, seeks to oust CEO and chair
LUVSouthwest Airlines(LUV) CNBC·2024-06-10 13:19

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- ...