Southwest Airlines Thursday authorized $2.5 billion for stock buybacks to defeat a bid from activist shareholder hedge fund Elliot Management. Southwest shares rose roughly 10% on news of the action.

DALLAS, Sept. 24, 2024 /PRNewswire/ -- – Southwest Airlines Co. (NYSE: LUV) (the "Company") today issued a response to Elliott Investment Management L.P.'s ("Elliott") recent Shareholder letter ...

Southwest Airlines is launching a new plan to return the carrier to profitability and has added a new director to its board, amid an ongoing battle with activist investor Elliott Investment ...

business Airlines When Elliott Management calls, CEOs and boards listen. Southwest Airlines’ line is ringing From AT&T and Texas Instruments to NRG and the government of Argentina, when activist ...

DALLAS, Sept. 24, 2024 /PRNewswire/ -- – Southwest Airlines Co. (LUV) (the "Company") today issued a response to Elliott Investment Management L.P.'s ("Elliott") recent Shareholder letter and ...

Business Southwest Airlines Won’t Ever Be the Same After This Week’s Decisive Showdown The Dallas-based company’s leadership aims to outmaneuver an aggressive investment firm that’s ...

After months of an ongoing battle, Southwest Airlines has reached a settlement with activist investor Elliott Investment Management.

Southwest Airlines’ stock was headed higher Tuesday after Executive Chairman Gary Kelly announced plans to retire as part of a continued board “refreshment” at the airline, following urging ...

Southwest Airlines will revamp its board and the chairman will retire next year, but it intends to keep CEO Robert Jordan in a partial concession to hedge fund Elliott Investment Management, which ...

The Southwest Board strongly believes that CEO Bob Jordan is the right Leader to successfully execute the Company's robust strategy to transform the airline and deliver sustainable Shareholder value.