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

Elliott Investment Management LP, the Florida-based hedge fund that has accumulated a 11% stake in Southwest Airlines and ...

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

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

Elliott Investment Management told shareholders Tuesday it is ready to go to a proxy fight with Southwest Airlines.

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

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 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.

Southwest Airlines executives on Thursday unveiled their vision for Southwest 2.0, an airline that for the first time will give passengers assigned seats, charge them extra for more legroom and offer ...