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Southwest’s new plan comes as its leaders seeks to fend off activist Elliott Investment Management, ... economy fares and started charging for things that used to come for free, like seating ...
The move comes after a dispute with the activist firm Elliott Investment Management. Southwest Airlines is pausing corporate hiring to cut costs, a company spokesperson confirmed to Business Insider.
Elliott Investment Management now holds 10% of Southwest Airlines' common stock, crossing the threshold that allows the hedge fund to call a special meeting at the carrier, according to a person ...
Elliott Investment Management L.P. is an American ... in Interpublic Group of ... a $1.9 billion position in Southwest Airlines and would seek to oust leadership at ...
Southwest Airlines has warned employees that it will have to make “difficult decisions” ahead to boost profits as the carrier faces pressure from activist Elliott Investment Management, which ...
Southwest announced in September that it would revamp its board and that its chairman would retire in 2025, in a partial concession to hedge fund Elliott Investment Management, which has been ...
Flight cancellations from what was unofficially dubbed Winter Storm Elliott were inevitable, creating chaos at most airlines for a day. But for Southwest Airlines and its outdated crew-scheduling ...
Shares of Southwest Airlines Co. fell 4% in morning trading Tuesday. Elliott, the fund led by billionaire investor Paul Singer, has built a 10% stake in recent weeks and advocated changes it says ...