Hedge fund Elliott Management is escalating its fight against the management of Southwest Airlines. Elliott said late Tuesday that it plans to nominate 10 candidates for Southwest's 15-member board of directors.
A Southwest Airlines plane moves to departs from Love Field in Dallas, Thursday, July 25, 2024. DALLAS — Elliott Investment Management is launching a proxy fight with Southwest Airlines and plans to nominate 10 candidates for the 15-member board of an the airline where
The company trailed far behind Delta, United and American Airlines in second-quarter operating margin, and analysts expect Southwest to lose money in the third quarter. for passengers and providing extra legroom at higher prices for about one-third of its seats. Jordan promised to give more details about the moves in September.
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