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.
United flight attendants are the latest to vote overwhelmingly for a strike as flight attendant negotiations have become particularly contentious this past year.
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.
One of the key remaining questions is whether Southwest will start offering its flights for bookings on online travel agencies. The betting here is that Southwest won't allow Expedia or Priceline to get on board.
With 'transformational' changes to its business model announced earlier this week, Spirit will be hoping that these numbers are the start of a long-term shift for the troubled airline.