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Southwest Strikes a Truce With Activist Hedge Fund Elliott
Southwest CEO to keep job after bitter boardroom battle with hedge fund Elliott
The agreement came as the carrier reported a surprise third-quarter profit, benefiting from improved pricing and demand, as well as rebookings from passengers stranded due to the global cyber
Southwest Strikes a Truce With the Activist Hedge Fund Elliott
The airline will appoint six new directors to its board, avoiding a proxy fight with the activist investor Elliott Investment Management, one of its largest shareholders.
Southwest Airlines reaches settlement with Elliott, adds new directors to board
Southwest Airlines has given in to demands from Elliott Investment Management after months of an ongoing battle and agreed to restructure board leadership in a new settlement.
10h
Southwest settles proxy fight with hedge fund as Q3 profit shrinks. American loses money
Southwest Airlines will replace several members of its board with candidates pushed by Elliott Investment Management to end a ...
13h
on MSN
Southwest Airlines Executive Chairman Gary Kelly retires early, Board announces new members
Kelly's retirement and Southwest's appointment of six new board members follow mounting pressure from hedge fund Elliot ...
1d
on MSN
Southwest and activist investor Elliott strike deal to keep CEO Bob Jordan, add six new directors
Southwest Airlines is near a deal with activist Elliott which would stave off a potential proxy fight in exchange for sizable ...
12h
Southwest Sets New Revenue Record
Southwest Airlines reported an impressive third quarter in 2024, with revenue hitting record levels and adjusted earnings per ...
5h
on MSN
American, Southwest Airlines on turbulent financial ride, struggling to adapt to evolving industry
While United and Delta each posted almost $1 billion dollar gains for Q3, American posted a net loss of nearly $149 million ...
7h
on MSN
Southwest Airlines plans to speed up its turnaround — literally
After weathering recent turbulence, Southwest Airlines (LUV) reported $67 million in third-quarter net income Thursday on ...
14h
on MSN
Southwest Air Tops Profit Estimates as Cost Cuts Take Hold
Southwest Airlines Co. reported third-quarter profit more than double Wall Street’s estimates, a needed boost as the carrier ...
14h
on MSN
Southwest Airlines beats on revenue by a wide margin, names new board members
Southwest reported a relatively big revenue beat and reached an agreement with activist investor Elliott to add new board ...
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