Southwest Airlines Co. (LUV)
Southwest's stock gains after activist Elliott lays out how to fix the airline
Shares of Southwest Airlines Co. LUV, +4.64% ascended 0.7% toward a six-week high in premarket trading Monday, after activist investor Elliott Management sent a letter to shareholders explaining why the air carrier needs new leadership. Elliott, which has about an 11% stake in Southwest, said the company's leadership has been “inadequate,” as they have “stubbornly” adhered to antiquated business practices, and needs to be removed and the board of directors needs to be refreshed for the company and its stock to stop declining.
Southwest Airlines Needs Better Communications Not Activist Investors
There's no question that Oscar Munoz was good for United Airlines. He came in as CEO at a tough time, fixed problems, and then did what many executives cannot: he managed succession well.
Southwest Airlines Rises as Elliott Management Targets Leadership
The country's largest regional airline, Southwest Airlines Co. NYSE: LUV, shares are rising as famed activist investor Elliott Management seeks to replace the company's leaders through a proxy war. Elliott made headlines recently after Starbucks Co. NASDAQ: SBUX pulled a coup by hiring Chipotle Mexican Grill Inc. NYSE: CMG CEO Brian Niccol to be its new CEO starting Sept.
Southwest CEO buckles down for Elliott proxy fight: ‘a battle for the heart of our company'
Southwest Airlines CEO Bob Jordan has been meeting with investors as he prepares for a proxy fight led by activist hedge fund Elliott Investment.
It's Time To Buy Southwest Airlines Stock And Wait
I've been bearish on Southwest Airlines stock since 2018 and maintained that stance through the pandemic. Historically, Southwest has had a long history as a profitable airline but hasn't adapted well to the current environment. Activist investors should act as a positive catalyst for the stock.
Activist investor Elliott pushes to grab control of Southwest Airlines board
Elliott is known for shaking up leadership at struggling companies and most recently pushed for the replacement of Starbucks CEO Laxman Narasimhan.
Elliott Wants to Shake Up Southwest Airlines' Board
Elliott Investment Management is preparing to launch a fight for control for control of Southwest Airlines' (LUV) board.
Activist Elliott will launch proxy fight at Southwest Airlines, to nominate as many as 10 directors
Elliott is preparing to launch a proxy fight at Southwest Airlines and will nominate as many as 10 directors to the company's 15-person board. Elliott has an 11% stake in the airline through stock and derivatives.
Elliott expected to propose a majority of new board members at Southwest Airlines, sources say
Elliott Investment Management is expected to launch a board room challenge at Southwest Airlines , nominating as many as 10 director candidates as the hedge fund wants the company to oust its chief executive officer and improve performance, sources said on Tuesday.
Elliott Prepares to Launch Proxy Fight at Southwest Airlines
Elliott Investment Management is preparing to launch a proxy fight at Southwest Airlines LUV 0.16%increase; green up pointing triangle, according to people familiar with the matter, as the activist turns the heat up a notch in its battle with the Dallas-based carrier.
Elliott breaks down Southwest ownership in new regulatory filing
Elliott Investment Management on Monday said in a regulatory filing that it has a 7% beneficial ownership in Southwest Airlines , giving a breakdown of what it owns as it tries to overhaul management and improve financial performance.
Will Southwest Airlines' move to end open seating work?
Southwest Airlines' plan to eliminate open seating is one way for the company to raise much-needed revenue, but it comes with the risk of alienating loyal customers.
