Southwest CEO will not resign, will consider input from activist investor Elliott
Southwest Airlines CEO Bob Jordan said on Wednesday he will not resign as the air carrier faces pressure from activist investor Elliott Investment Management, with it already considering amendments to its open-seating policy and other potential changes.
Southwest CEO vows change as activist investor pushes for new leadership
Southwest Airlines CEO Bob Jordan said the company is ready to adapt to changing customer trends like premium seating as demand shifts. Jordan's comments came days after hedge fund Elliott Management disclosed a nearly $2 billion stake in Southwest and said it wants to replace the carrier's CEO and chairman.
Can Southwest Airlines Stock Truly Rally 77% on Activist Plans?
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: Elliott Had Easier Options
Elliott Investment Management made a large investment in Southwest Airlines Co. due to underperformance, calling for a leadership upgrade and predicting a 77% upside potential. The airline faces revenue and cost performance issues, needing a vast operating improvement to justify the current price compared to legacy airlines. Legacy airlines like Delta and United are better deals, trading at lower P/E ratios and not requiring strategic turnarounds to perform well.
S&P 500 Gains and Losses Today: Southwest Airlines Soars as Activist Pushes for Change
Major U.S. equities indexes ticked higher to kick off a new trading week that will see the Federal Reserve take center stage with its latest policy decision set to be announced Wednesday.
An activist investor with a new $1.9 billion stake in Southwest is calling for big changes at the airline
Elliott Investment Management has called for changes at Southwest Airlines to fix what it says is poor performance. Southwest's share price has plummeted over 50% in three years, below March 2020 levels.
Activist Investor Builds Stake in Southwest (LUV) , Shares Up
Elliott's decision to hold a stake in Southwest (LUV) comes while the airline is suffering from multiple woes.
Activist investor slams Southwest Airlines CEO, board for ‘poor execution,' seeks new leaders
lliott, known for pushing for change to boost shareholder returns, said Southwest CEO Bob Jordan has delivered "unacceptable" financial and operational performance quarter after quarter.
What's Next For Southwest Stock After Elliott Management Builds Up A $2 Billion Position?
Southwest Airlines (NYSE: LUV) stock will be in focus on Monday, June 10, after reports of Elliott Management building a position of $2 billion in the airline has emerged. Elliott Management is known for forcing management changes in the companies in which it builds positions.
Southwest Airlines Stock Soars on Elliott Investment Stake
Elliott Investment Management revealed a massive stake in Southwest Airlines and plans to push for several changes. Here's what you need to know.
Southwest shares jump after activist Elliott buys $2B stake
Elliott Investment Management on Monday told Southwest it should make leadership changes and take other actions, arguing the carrier needed to improve its financial performance.
Southwest Stock Takes Off as Elliott Calls for Shakeup of Airline
Southwest Airlines (LUV) shares flew higher Monday after activist investor Elliott Investment Management announced it had taken a $1.9 billion stake in the airline and called for a shakeup of the company.
