Southwest Airlines Lays Out Overhaul, and Stock Gains
WEB1 day ago · The hedge fund contends that Southwest can better contain rising costs and improve profit margins. To do that, Elliott says, the airline needs new board members and a new chief executive.
Southwest Airlines authorizes $2.5 billion stock buyback ... - UPI
WEB1 day ago · Southwest Airlines Thursday authorized $2.5 billion for stock buybacks to defeat a bid from activist shareholder hedge fund Elliot Management. Southwest shares rose roughly 10% on news of the action.
Hedge fund Elliott Investment Management steps up pressure on …
WEBSep 3, 2024 · DALLAS (AP) — Elliott Investment Management, a hedge fund urging Southwest Airlines to dump its CEO and chairman, said Tuesday it has acquired enough of the company’s stock to call a special meeting of shareholders.
Hedge fund Elliott poised for next step in Southwest Airlines …
WEB3 days ago · In the coming weeks, Elliott, the hedge fund that has amassed 11% economic interest in the Dallas-based airline since June, will formally call a special shareholders meeting. In a letter to ...
Southwest Airlines says it will introduce ... - Associated Press News
WEB1 day ago · The Associated Press is an independent global news organization dedicated to factual reporting. Founded in 1846, AP today remains the most trusted source of fast, accurate, unbiased news in all formats and the essential provider of the technology and services vital to the news business. ... The hedge …
Southwest Airlines CEO says he won't resign. A hedge fund is …
WEBThe CEO of Southwest Airlines said Wednesday, June 12, 2024, that he will not resign in the face of pressure from a hedge fund that wants him fired and that his leadership team will produce its own plan to boost the airline’s financial performance.
Southwest Airlines Agrees to Board Changes After Pressure From …
WEBSep 10, 2024 · Southwest Airlines on Tuesday announced an overhaul of its board of directors, including the planned departure of its executive chairman, Gary Kelly, after a meeting with a hedge fund that...
Elliott Sends Letter and Presentation to the Board of Southwest …
WEBJun 10, 2024 · In doing so, Elliott argues that Southwest's stock can achieve $49 per share within 12 months, representing a highly attractive 77% return during the period.
Hedge Fund Elliott Investment Management Steps up Pressure on …
WEBSep 3, 2024 · DALLAS (AP) — Elliott Investment Management, a hedge fund urging Southwest Airlines to dump its CEO and chairman, said Tuesday it has acquired enough of the company's stock to call a...
Checked bag fees could come to Southwest as fight between
WEB1 day ago · Elliott, the hedge fund controlled by billionaire financier Paul Singer, increased its pressure on Southwest this week by saying that it intends to call a special shareholder meeting as soon as ...
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