Activist investor slams Southwest Airlines CEO, board for ‘poor execution,' seeks new leaders
LUVSouthwest Airlines(LUV) New York Post·2024-06-11 00:27

Elliott Investment Management called for leadership change at Southwest Airlines on Monday after reporting a stake worth about $1.9 billion in the US carrier. Southwest’s shares rose more than 7% on Monday. The activist investment management firm said Southwest’s “poor execution” and its leadership’s “stubborn unwillingness” to evolve the company’s strategy have led to deeply disappointing results for shareholders, employees and customers. 3 Activist investor Elliott Investment Management blasted Southwest’ ...