Southwest Airlines Co. (LUV)
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.
Southwest Airlines' stock rises premarket on report of upped Elliott stake
Elliott now holds enough stock to call a special shareholder meeting ahead of a Sept. 9 sit-down with management.
Exclusive: Elliott now owns enough of Southwest Airlines to call special meeting
Elliott Investment Management now holds 10% of Southwest Airlines' common stock, crossing the threshold that allows the hedge fund to call a special meeting at the carrier, according to a person familiar with the matter.
Southwest Airlines Stock Plunges 15.4% in 6 Months: Buy the Dip?
With LUV's shares moving south, we assess the current positioning of the stock to determine if it's a good investment at this juncture.
Activist hedge fund Elliott doubles down on Southwest Airlines proxy fight
The firm has set its eyes on ousting Southwest CEO Bob Jordan and Executive Chairman Gary Kelly, both of whom it blamed for the company's downfall.
