Southwest, Elliott
Southwest Airlines spells out changes designed to boost profit and fend off a hedge fund
The moves away from Southwest’s simple business model and quirky traditions come as airline management faces pressure from activist investor Elliott Investment Management. The hedge fund blames management for Southwest’s recent underperformance compared with its closest rivals, and wants to replace Jordan and most of the Southwest board.
Hedge fund Elliott poised for next step in Southwest Airlines power struggle
Elliott Investment Management told shareholders Tuesday it is ready to go to a proxy fight with Southwest Airlines.
Activist investor Elliott calls Southwest Airlines' transformation plan insufficient
Elliott Investment Management LP, the Florida-based hedge fund that has accumulated a 11% stake in Southwest Airlines and pushed for leadership changes, voiced dissatisfaction with the major financial and operational overhaul outlined by the Dallas-based airline at its Sept. 26 Investor Day.
Elliott to Seek Shareholder Vote on Southwest Air Board Overhaul
Activist investor Elliott Investment Management criticized Southwest Airlines Co.’s “haphazard” recovery strategy and said it plans to call a special shareholder meeting to vote on a potential overhaul of the carrier’s board.
Southwest Airlines activist investor Elliott wants a special meeting ahead of potential layoffs
A showdown between Southwest Airlines (LUV) and an activist hedge fund investor is finally coming to a head. Elliott Management says it plans to call a special shareholder meeting on Oct. 7 to secure control of the company.
Elliott calls Southwest Airlines transformation plan insufficient
Representatives with Elliott Investment Management, the Florida-based hedge fund that has accumulated a 11% stake in Southwest Airlines and pushed for leadership changes, said the plan shared with shareholders represented "another promise of a better tomorrow from the same people who have created the problems we face today.
Elliott plans to call for Southwest Airlines special meeting as soon as next week (update)
Adds Southwest response. Activist investor Elliot Investment Managements plans to call for a special meeting of holders of Southwest Airlines (NYSE:LUV) as soon as a next week as it attempts to replace several board members,
Activist hedge fund Elliott slams Southwest CEO Bob Jordan as shares soar 7%
The activist hedge fund – led by billionaire Paul Singer – encouraged shareholders to call back their shares and reaffirmed ...
Southwest Airlines Lays Out Overhaul, and Stock Gains
The move, including service enhancements and share buybacks, came after the hedge fund Elliott Management called for cost ...
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Southwest Airlines big changes
Southwest Airlines is making big changes as it faces pressure from a hedge fund. Republicans Hit with Triple Whammy as ...
Southwest raises revenue outlook, reveals changes under pressure from activist hedge fund Elliott
Southwest Airlines raised its third-quarter revenue forecast, authorized $2.5 billion in share buybacks and announced a slew ...
Southwest authorizes $2.5B stock buyback, announces changes for customers
Southwest Airlines Thursday authorized $2.5 billion for stock buybacks to defeat a bid from activist shareholder hedge fund ...
Southwest Says Changes Are Coming, Cuts Atlanta Flights
As its current leadership fights off an activist investor that want to overturn management, the airline braces for a ...
Southwest plans to cut flights in Atlanta while adding them elsewhere. Its unions are unhappy
Southwest Airlines is planning to cut about one-third of its flights in Atlanta next year to save money, and employees ...
Southwest Airlines reveals timeline for ending open seating, changing boarding process
Southwest Airlines unveiled a timeline of when it planned to make big changes to its long-popular seating, boarding processes ...