Southwest Airlines received a request from activist Elliott Investment Management to host a special shareholder meeting, according to a report.
Elliott has formally called for a special meeting at Southwest Airlines, the activist's first U.S. proxy fight since 2017. The activist investor has an 11% stake in the carrier and is seeking the ouster of CEO Bob Jordan.
Southwest (LUV) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
CNBC's Jim Cramer delivers his daily Mad Dash.
With LUV shares appreciating lately, we assess the current positioning of the stock to determine if it's a good investment choice at this juncture.
LUV now expects its third-quarter revenue per available seat mile to increase 2-3% on a year-over-year basis, an upside from the previous forecast of flat to down 2%.
Southwest (LUV) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might help the stock continue moving higher in the near term.
Southwest CEO Bob Jordan joins 'Closing Bell Overtime' and CNBC's Phil LeBeau to talk its three-year plan, battling with activist investors, recent troubles at Boeing and more.
Southwest CEO Bob Jordan joins 'Closing Bell Overtime' and CNBC's Phil LeBeau to talk its three-year plan, battling with activist investors, recent troubles at Boeing and more.
The activist hedge fund – led by billionaire Paul Singer – encouraged shareholders to call back their shares and reaffirmed its intent to host a special meeting to oust the current board.
CNBC's Phil Lebeau joins 'The Exchange' from Southwest investor day to report on the airline's new strategy and guidance moving forward.
Southwest said revenue in the current quarter is coming in ahead of expectations. The company also announced a new $2.5 billion share buyback authorization.