Elliott still wants Southwest Airlines CEO Bob Jordan out, union says
Southwest Airlines CEO Bob Jordan and executive chairman Gary Kelly would be long gone by now if one vocal activist investor had its way, one of the airline’s unions told members this week. “... Elliott advised that its preference would be for board chair Gary Kelly to exit his position sooner than the announced departure at next spring’s shareholder meeting,
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Exclusive: Activist Elliott tells Southwest Air mechanics it still wants CEO's ouster, memo says
Activist investor Elliott Investment Management told one of Southwest Airlines' top unions it still wants to replace CEO Robert Jordan, according to a union memo seen by Reuters, even after the carrier pledged to shake up its board.
Southwest Airlines chairman to retire, 6 board members to resign after push from major shareholder
DALLAS – Southwest Airlines will revamp its board of directors, and longtime Chairman Gary Kelly will retire next year, the company announced Tuesday morning.
Southwest Airlines backs CEO; board chair to exit in 2025 amid changes by Elliot Investments
A longtime Southwest Airlines company executive said Tuesday amid a board shakeup and changes to the carrier by an activist investor group that he will retire next year after nearly 40 years with Southwest.
Southwest Airlines Overhauls Board Amid Activist Pressure
Executive Chairman Gary Kelly plans to retire as part of a shake-up of the airline’s board, under pressure from activist investor Elliott Management.
Who is leaving Southwest Airlines’ board of directors and who can get a spot?
Southwest Airlines is changing its board of directors as the Dallas-based airline faces pressure from an activist investor and the need to be profitable for its shareholders. On Monday, Southwest announced its executive chairman Gary Kelly would not run for reelection in 2025 and six board members would resign after a quarterly board meeting in November.
Southwest Airlines Agrees to Board Changes After Pressure From Elliott
Southwest Airlines on Tuesday announced an overhaul of its board of directors, including the planned departure of its executive chairman, Gary Kelly, after a meeting with a hedge fund that has called for sweeping changes at the company.
Southwest Airlines shakes up its board under pressure from a big shareholder
Southwest Airlines will revamp its board and the chairman will retire next year, but it intends to stick with CEO Robert Jordan
Why Southwest’s Stock Underperformed By 50%
Notably, LUV stock has performed worse than the broader market in each of the last three years. Returns for the stock were -8 ...
Southwest Airlines and San Antonio airport spar over contract, Terminal C
Southwest Airlines is less than two weeks away from the expiration of their signatory lease agreement with the San Antonio ...
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Southwest Airlines' Labor Contract With Simulator Technicians Ratified
Southwest Airlines Co. LUV received encouraging tidings on the labor front when the airline announced that its Flight ...
Southwest Airlines Co. stock underperforms Tuesday when compared to competitors
This was the stock's third consecutive day of losses.
Alaska Airlines plane aborts takeoff to avoid collision with Southwest jet
Just days after two Delta planes collided, an Alaska Airlines flight nearly collided with a Southwest jet in Nashville.
Southwest and Alaska Airlines planes nearly collide on Nashville airport runway, spurring FAA investigation
The Federal Aviation Administration and the National Transportation Safety Board are probing a near-collision between two ...
Southwest Airlines: Flight Simulator Technicians Approve New Contract - Quick Facts
Southwest Airlines Co. (LUV) and the International Brotherhood of Teamsters Local 19 announced the airline's Flight Simulator ...
Southwest Airlines Co. stock underperforms Monday when compared to competitors
This was the stock's second consecutive day of losses.