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SOUTHWEST AIRLINES COMMENTS ON ELLIOTT MANAGEMENT'S SPECIAL MEETING REQUEST
Prnewswire· 2024-10-15 07:31
文章核心观点 - 西南航空公司确认艾略特投资管理公司要求召开特别股东大会,以考虑艾略特的提议,包括罢免8名董事并选举8名艾略特提名的董事,这似乎旨在使艾略特的提名人完全控制董事会 [1] - 西南航空公司表示,艾略特的特别股东大会要求是不必要和不恰当的,因为艾略特的要求过于极端,而且时机似乎是为了最大限度地扰乱公司正在进行的重要业务转型 [1][2][3] - 西南航空公司表示,在与艾略特进行了广泛对话后,公司已经做出了全面的董事会和公司治理变革,包括6名董事即时退休,执行主席Gary Kelly将于2025年股东大会后退休,以及新任命3名董事等 [5][6] - 西南航空公司正在实施一项为期3年的全面计划,旨在推动收入增长并将航空公司的盈利能力恢复到行业领先水平,预计到2027年将带来约40亿美元的累计增量EBIT贡献 [7] 根据目录分别总结 1. 公司回应艾略特的特别股东大会要求 - 西南航空公司认为艾略特的要求过于极端,且时机不当,可能会扰乱公司正在进行的重要业务转型 [1][2][3] - 公司表示已经与大量股东进行了广泛对话,并根据反馈做出了全面的董事会和公司治理变革 [2][5][6] - 公司试图与艾略特达成建设性解决方案,但艾略特仍然坚持要求控制董事会,使得无法找到建设性的解决方案 [2][3] 2. 公司近期采取的行动 - 公司宣布了下一阶段的董事会改革,包括6名董事即时退休、执行主席Gary Kelly将于2025年退休,以及新任命3名董事等 [5][6] - 公司正在实施一项为期3年的全面计划,旨在推动收入增长并将航空公司的盈利能力恢复到行业领先水平,预计到2027年将带来约40亿美元的累计增量EBIT贡献 [7] 3. 公司的财务和运营展望 - 公司计划到2027年实现ROIC达到15%或以上,远高于加权平均资本成本 [7] - 公司认为Bob Jordan是成功执行西南航空计划的合适领导者,并将继续对其及管理团队保持高度期望和问责 [7]
Elliott Calls for December Vote to Shake Up Southwest Airlines' Board
Investopedia· 2024-10-15 00:15
文章核心观点 - 投资公司Elliott Investment Management要求召开西南航空公司(Southwest Airlines)的特别股东大会,提名8名董事会候选人,并建议罢免8名现任董事会成员 [1][2] - Elliott表示,西南航空公司需要改善监管,其持有公司约11%的股份 [1][2] - 这是Elliott与该航空公司之间的最新一轮交锋 [3] 根据相关目录分别进行总结 公司层面 - Elliott提名8名董事会候选人,包括前维珍美国航空公司CEO David Cush和前联合航空公司董事长Robert Milton [2] - Elliott还提名要罢免8名现任董事会成员,包括现任董事会主席兼前西南航空公司CEO Gary Kelly [2] - 西南航空公司今年夏天采取了一年期的"毒丸"防御措施,以应对Elliott的行动 [3] 行业动态 - 这是Elliott与西南航空公司之间的一系列交锋的最新一轮 [3] - 西南航空公司股价在周一下跌约1%,但今年迄今涨幅仍略低于5% [2]
Activist investor Elliott takes Southwest fight to shareholders, nominates eight directors
New York Post· 2024-10-14 23:47
Elliott Investment Management is taking its fight with Southwest Airlines to investors by calling for a special shareholder meeting where they can vote on new director candidates who would ultimately steer company strategy.In calling for the meeting, Elliott is taking a highly unusual step but one it has telegraphed for weeks after concluding recent changes made by the carrier fall short of ensuring real improvements.Southwest, which has a market capitalization of $18.45 billion, did not immediately respond ...
Elliott asks for December special meeting at Southwest Airlines, cuts board slate to 8
CNBC· 2024-10-14 20:57
Travelers check in at a Southwest counter at Hartsfield-Jackson Atlanta International Airport (ATL) in Atlanta, Georgia, US, on Tuesday, July 23, 2024.Elliott Investment Management has requested a special meeting at Southwest Airlines, formalizing the launch of a long-signaled proxy fight for control of the carrier's board.The activist is seeking a meeting date of Dec. 10, it said Monday. Elliott has also trimmed the size of its board slate from 10 director candidates to eight, after Southwest shrunk its bo ...
Elliott Calls for Special Meeting of Shareholders in Order to Bring Urgently Needed Change to Southwest
Prnewswire· 2024-10-14 20:45
文章核心观点 - 艾略特投资管理公司(Elliott)持有公司约11%的股权,要求召开特别股东大会,提名8名独立董事候选人,并罢免8名现任董事 [1][2][3] - 艾略特认为,如果不彻底重组公司董事会,西南航空公司(Southwest)将继续空有承诺,未能实现其潜力 [3] - 艾略特呼吁所有股东尽快与银行和经纪人确认能够投票所有持有的股份,并要求西南航空公司尽快确认特别股东大会的召开日期 [4] 公司概况 - 西南航空公司是一家总部位于美国的航空公司 [1] - 艾略特持有西南航空公司约11%的经济权益 [1][8] 艾略特提名董事候选人 - 艾略特提名了8名独立董事候选人,包括前任瑞安航空副首席执行官、首席运营官和首席财务官,前任维珍美国首席执行官,前任美国运输部高级官员和联邦铁路管理局局长等 [4] 罢免现任董事 - 艾略特提议罢免8名现任西南航空公司董事 [5] 股东投票 - 艾略特呼吁股东尽快与银行和经纪人确认能够投票所有持有的股份 [4] - 艾略特将向证券交易委员会提交代理投票声明,供股东参考 [6][7]
Can Southwest (LUV) Run Higher on Rising Earnings Estimates?
ZACKS· 2024-10-11 01:20
Investors might want to bet on Southwest Airlines (LUV) , as earnings estimates for this company have been showing solid improvement lately. The stock has already gained solid short-term price momentum, and this trend might continue with its still improving earnings outlook.The upward trend in estimate revisions for this airline reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong correlation between tren ...
Southwest Airlines Awards 185 Students with Air Travel Through ¡Lánzate!/Take Off! Higher Education Travel Award Program
Prnewswire· 2024-10-09 23:00
In partnership with the Hispanic Association of Colleges and Universities, the airline celebrates 20 years of connecting students to their families through travelDALLAS, Oct. 9, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) and the Hispanic Association of Colleges and Universities (HACU) are partnering for the 20th year to provide tickets to students through the ¡Lánzate!/Take Off! Higher Education Travel Award Program. This year's recipients were selected from more than 90 institutions across the ...
Southwest Airlines Gains 13.2% in 3 Months: What Should Investors Do?
ZACKS· 2024-10-04 23:20
Shares of Dallas, TX-based airline heavyweight Southwest Airlines Co. (LUV) have had a good run of late, improving double digits over the past 90 days. The encouraging price performance resulted in LUV outperforming its industry in the said time frame, as well as the S&P 500, of which the airline is a key member. Additionally, LUV’s price performance compares favorably with that of fellow U.S. airline operators JetBlue Airways Corporation (JBLU) and Alaska Air Group, Inc. (ALK) in the same time frame.Three- ...
Southwest Airlines Shares Up 5% on Improved Third-Quarter Outlook
ZACKS· 2024-09-28 02:50
Shares of Southwest Airlines Co. (LUV) performed well on the bourse on Sept. 26, 2024, closing the trading session at $29.93 per share, up 5.42% from the previous day's closing. The upside was owing to the improved third-quarter 2024 guidance revealed by the company.LUV now anticipates its third-quarter revenue per available seat mile (RASM or unit revenues) to increase in the range of 2%-3% on a year-over-year basis. This marks an improvement from the previous forecast of flat to down 2%. The upside in rev ...
Southwest (LUV) Surges 5.4%: Is This an Indication of Further Gains?
ZACKS· 2024-09-27 23:15
Southwest Airlines (LUV) shares rallied 5.4% in the last trading session to close at $29.93. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 1% loss over the past four weeks.The stock is benefitting from its upbeat views (announced on Sep. 26, 2024) on third-quarter 2024 unit revenues and fuel costs. LUV now expects its revenue per available seat miles (RASM: a key measure of unit revenue) to increase in the ...