Under assault from activist hedge fund Elliott Capital Management, the carrier's executives told a shareholder meeting that ...

Representatives with Elliott Investment Management, the Florida-based hedge fund that has accumulated a 11% stake in ...

The move, including service enhancements and share buybacks, came after the hedge fund Elliott Management called for cost ...

The moves away from Southwest’s simple business model and quirky traditions come as airline management faces pressure from ...

The company says its business plan will rake in an additional $4 billion in earnings before interest and taxes by 2027.

The changes come two days after Elliott threatened to call a special meeting as it tries to push CEO Bob Jordan out.

Southwest Airlines is set to significantly scale back its operations in Atlanta, cutting around one-third of its flights and closing seven gates.

Southwest Airlines has unveiled its plan that gives passengers assigned seats, charges extra for more legroom and offers red-eye flights — but bags still fly free.

On top of vacation bundles and partnerships with international carriers, Southwest says assigned seats will go on sale in ...

A new Southwest Airlines is taking shape.The budget-travel pioneer is doing away with some hallmarks of the no-frills model ...