Southwest Reports ‘Resilient Travel Demand’ as it Boosts Revenue Guidance
Southwest executives will be hoping that these improved financials take some of the heat off a company that has faced intense scrutiny in recent months.
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Southwest Sees Major Dip in Profits as It Vows to Make ‘Urgent’ Changes
Southwest’s profits decreased by 46% as it looks to make changes to its business model to boost its bottom line.
Elliott Calls Southwest’s Board ‘Profoundly Out of Touch’ as Activist Campaign Heats Up
The hedge fund claims it now has multiple allies that support a leadership overhaul at Southwest.
Southwest Adds IndiGo Co-Founder to Board in Latest Line of Defense Against Elliott
Gangwal’s appointment comes after activist investor Elliott criticized the airline’s board for not having enough directors with external airline experience.
Activist Investor Slams Southwest’s Outlook, Says Airline is ‘Unable to Adapt’
Elliott Investment Management, which has a $2 billion activist stake in Southwest, was highly critical of the airline’s revenue forecast cut for the second quarter.
Southwest Cuts Financial Outlook, Blames Revenue Management 'Complexities'
Southwest's cut in revenue guidance for the current quarter comes just three weeks after a vocal activist investor called for big changes at the airline.