Articles tagged “elliott management”

Just one day before its investor day, Southwest announced it would cut some of its Atlanta service, impacting around 300 pilot and flight attendant positions.

Today's podcast looks at Juneau's new cruise ban attempt, Elliot Investment's new reveal for Southwest, and Etihad Airway's new routes.

In a letter to shareholders, Elliott said it still doesn’t support Southwest’s current course and would continue to push for new leadership.

Today's podcast looks at labor strikes at U.S. hotels, Southwest’s activist investors, and New Zealand’s new fees for tourists.

Elliott is amping up the pressure on Southwest. Now that it's crossed the threshold in owning 10% of the carrier's common stock shares, the hedge fund could call a special meeting to force a vote on whether to oust Southwest CEO Bob Jordan and chairman Gary Kelly.

Today's podcast looks at how AI may yet transform the travel industry, the FTC's crackdown on fake reviews, and Elliott Investment's proposed changing to the Southwest board.

Southwest’s profits decreased by 46% as it looks to make changes to its business model to boost its bottom line.

The hedge fund claims it now has multiple allies that support a leadership overhaul at Southwest.

Gangwal’s appointment comes after activist investor Elliott criticized the airline’s board for not having enough directors with external airline experience.

Southwest is adopting a shareholder rights plan — known as a “poison pill” — to fend off Elliott from attaining a controlling stake in the company.