Southwest shares jump after activist Elliott buys $2B stake

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 ...