The Federal Aviation Administration (FAA) said Saturday it is investigating a Southwest Airlines flight after it flew at a very low altitude over Tampa Bay, Florida, the most recent in a series of incidents raising safety questions.
Southwest Airlines (LUV) second-quarter 2024 revenues are expected to have benefited from growth in air-travel demand. Rising expenses are likely to have weighed on the bottom line.
Revenge travel or the phenomenon of pent-up demand stemming from the COVID-19-related lockdowns may be a fading consumer behavior. But that doesn't mean travel stocks to buy have suddenly become irrelevant as an investment opportunity.
Southwest (LUV) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
US carrier Southwest Airlines plans to jointly develop a fleet of electric air taxis to serve the California market with transportation startup Archer Aviation, the companies announced Friday.
Southwest Airlines and Archer Aviation are developing electric air taxi operations in California. Southwest plans to use Archer Midnight eVTOL aircraft to cut customer travel time to the airport.
Elliott, known for pushing changes to boost shareholder returns, has called for a reconstitution of Southwest's board with "new, truly independent" directors possessing expertise in airlines, customer experience and technology.
Elliott told Southwest's board that, barring a dramatic change in attitude, it would seek to give shareholders a "direct say" in effecting leadership change at the struggling airline. The activist suggested it would call for a special meeting of shareholders, something big shareholders can do at the airline.
Southwest added a new director to its board as it seeks to stave off activist Elliott Management. The airline announced that it would add Rakesh Gangwal, a longtime airline executive and founder, to its board, less than a week after it adopted a so-called "poison pill" to contain Elliott from growing its 11% economic interest.
Southwest Airlines: How Can Elliott Help? (Technical Analysis)
Since Elliott Management announced its $1.9 billion stake in Southwest Airlines in June, the stock is down slightly. The activist hedge fund has never run a campaign at an airline before, but there are similarities with two of its past investments, at Suncor and Marathon.
Southwest Airlines (NYSE: LUV ) is in the news Wednesday after the airline company adopted a poison pill plan. Let's go over everything investors need to know about this poison pill plan below!