Exclusive: Activist Elliott tells Southwest Air mechanics it still wants CEO's ouster, memo says
Activist investor Elliott Investment Management told one of Southwest Airlines' top unions it still wants to replace CEO Robert Jordan, according to a union memo seen by Reuters, even after the carrier pledged to shake up its board.
How to Play Southwest Airlines Stock Post Elliott-Induced Board Revamp
Gary Kelly, LUV's executive chair, and six board members announce their decision to step down.
Southwest shares tumble after airline overhauls board but keeps embattled CEO
Southwest said six directors will leave the board in November and it plans to appoint four new, independent directors, potentially including candidates put forward by Elliott.
Southwest Airlines Inks Provisional Deal With Simulator Technicians
The tentative deal, inked with the union representing LUV's flight simulator technicians, will now be voted upon.
Southwest's Executive Chair, Other Board Members Leave as Elliott Pushes Change
Southwest Airlines (LUV) shares fell in intraday trading Tuesday as the carrier facing pressure from activist investor Elliott Investment Management announced the exit of its former Chief Executive Officer (CEO) and several board members.
Southwest Airlines Chairman Kelly to retire after urging from activist Elliott
Southwest Airlines' stock was headed higher Tuesday after Executive Chairman Gary Kelly announced plans to retire as part of a continued board “refreshment” at the airline, following urging from activist investor Elliott Investment Management L.P.
Southwest Chair Kelly to step down next year as activist Elliott pushes for changes at airline
Southwest Chair Kelly to step down next year as activist Elliott pushes for changes at airline
Southwest Airlines' battle with activist investor heats up: Are free bags on the chopping block?
An activist investor has continued pushing for a “comprehensive" review of Southwest Airlines' business while simultaneously building its stake in the carrier.
Southwest Airlines: Elliott Still Trying Too Hard
Elliott Investment Management is pushing for significant changes at Southwest Airlines Co., including a new board, to improve shareholder returns. Southwest Airlines' new strategy of assigned seating and premium options is considered incremental and insufficient compared to legacy airlines. Elliott's plan could take 2–3 years to implement, with uncertain returns, while other airlines offer easier paths to stock gains.
Is Southwest Airlines Stock a Buy Post a Solid Summer Performance?
Following LUV's upbeat operational performance this summer, we assess the investment worthiness of the stock.
Activist Elliott Investment Has Sufficient Southwest Stake To Call Meeting
Shares of Southwest Airlines (LUV) gained Tuesday on confirmation that hedge fund Elliott Investment Management now holds a sufficient stake in the airline to call a special meeting as it seeks to shake up the company.
Elliot Management secures stake in Southwest Airlines allowing it to call special meeting
Southwest Airlines Co (NYSE:LUV) shares moved higher on reports Elliot Management has secured a 10% stake in the airline, giving the investment firm the power to call a special meeting. A person familiar with the matter told Reuters that the hedge fund, which held an 11% economic stake through derivatives, converted enough of its holdings into common shares to surpass the 10% threshold.
