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Elliott, Southwest

The Wall Street Journal on MSN · 15m

Southwest Airlines Ends Feud With Activist Investor Elliott

Southwest Airlines struck a truce with Elliott Investment Management, giving the activist a significant presence on its board but not the majority control the hedge fund initially sought. The settlement announced Thursday deflects a potentially rancorous proxy fight and ends the acrimonious four-month battle over whether Southwest’s management is capable of pulling the airline out of a funk.

The New York Times · 4h

Southwest Strikes a Truce With the Activist Hedge Fund Elliott

The airline will appoint six new directors to its board, avoiding a proxy fight with the activist investor Elliott Investment Management, one of its largest shareholders.

Dallas Morning News · 6h

Southwest Airlines reaches settlement with Elliott, adds new directors to board

Southwest Airlines has given in to demands from Elliott Investment Management after months of an ongoing battle and agreed to restructure board leadership in a new settlement.

Southwest Airlines Tops Profit Estimates

Bloomberg on MSN · 6h

Southwest Air Tops Profit Estimates as Cost Cuts Take Hold

Southwest Airlines Co. reported third-quarter profit more than double Wall Street’s estimates, a needed boost as the carrier tries to shore up financial results following a bruising fight with activist Elliott Investment Management that came to an end Thursday.

Wall Street Journal · 9h

Southwest Airlines Revenue and Profit Beat Expectations

Southwest Airlines posted stronger-than-expected quarterly sales and profit, as executives said turnaround efforts are taking shape. The airline reported a record $6.87 billion in operating revenue for the September quarter,

CNBC on MSN · 9h

Southwest Airlines profit tops estimates, expects higher revenue in fourth quarter

Southwest said travel demand remains healthy and it expects unit revenue for the fourth quarter to grow 3.5% to 5.5%.

3h

Southwest CEO to keep job after bitter boardroom battle with hedge fund Elliott

The agreement came as the carrier reported a surprise third-quarter profit, benefiting from improved pricing and demand, as ...

4h

Southwest settles proxy fight with hedge fund

Chairman Gary Kelly and six current board members will depart Nov. 1 and be replaced by five Elliott-backed candidates and a ...

9hon MSN

Southwest settles proxy fight with hedge fund and reports smaller Q3 profit. American loses money

Southwest Airlines reached a settlement with an activist investor by agreeing to overhaul its board, ending — at least for ...

4h

Southwest Sets New Revenue Record

Southwest Airlines reported an impressive third quarter in 2024, with revenue hitting record levels and adjusted earnings per ...

10h

Southwest Airlines reports surprise Q3 profit on improved pricing

Southwest Airlines reported a surprise third-quarter profit on Thursday, benefiting from improved pricing and demand, as well ...

Southwest Sees Strong Holiday Bookings, Reveals Impact From Hurricane Milton

Southwest’s third-quarter earnings beat Wall Street estimates, a bright spot for the carrier that has been fending off an ...

18hon MSN

Southwest Iowa man dies in rural crash east of Des Moines

According to the Iowa State Patrol, 52-year-old Christopher Hudnut of Logan, Iowa, was driving a dump truck loaded with ...

2d

Southwest Airlines talks truce with Elliott after major policy tweaks

After more than four months of waging a public battle with activist investor Elliott Investment Management, low-cost pioneer ...

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