Southwest reported a relatively big revenue beat and reached an agreement with activist investor Elliott to add new board members.
Southwest Airlines (LUV) came out with quarterly earnings of $0.15 per share, beating the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.38 per share a year ago.
CNBC's Steve Liesman joins 'Squawk Box' to report on the latest news.
CNBC's Phil LeBeau joins 'Squawk Box' to report on the company's quarterly earnings results.
Southwest Airlines profit tops estimates, expects higher revenue in fourth quarter
Elliott Investment Management and Southwest Airlines are close to reaching a settlement agreement that would avert a proxy battle over control of the airline's board, Bloomberg News reported on Wednesday, citing people familiar with the matter.
Southwest and Elliott near settlement which would end proxy fight, source says
The battle between the Dallas-based carrier and Elliott Investment Management is heating up.
Shares of Southwest Airlines Co (NYSE:LUV) are 0.4% lower at $30.31, as the airline giant prepares to report third-quarter results before the open on Thursday, Oct. 24.
Southwest Airlines Co. (LUV) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, LUV's 50-day simple moving average broke out above its 200-day moving average; this is known as a "golden cross.
Beyond analysts' top -and-bottom-line estimates for Southwest (LUV), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended September 2024.
Activist investor Elliott Investment Management and Southwest Airlines are in talks to settle their months-long battle, according to reports Sunday, with a potential deal that would give Elliott representation on the budget airline's board.