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Southwest settles proxy fight with hedge fund
Southwest Airlines settles boardroom feud with activist investor Elliott
Southwest Airlines reported a surprise third-quarter profit on Thursday, benefiting from improved pricing and demand, as well as rebookings from passengers stranded due to the global cyber outage in July.
Southwest Airlines revenue rises but Q3 profit falls by two-thirds on higher costs
Southwest Airlines reached a settlement with an activist investor by agreeing to overhaul its board, ending — at least for now — a monthslong fight with Elliott Investment Management, which is pressuring the airline to boost profits and the stock price.
Southwest settles proxy fight with hedge fund as Q3 profit shrinks
Southwest Airlines CEO Robert Jordan managed to survive the shakeup, but faces pressure to improve the company’s financial performance.
Southwest Air Tops Profit Estimates
Southwest Airlines beats on revenue by a wide margin, names new board members
Southwest reported a relatively big revenue beat and reached an agreement with activist investor Elliott to add new board members.
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,
Southwest Airlines profit tops estimates, expects higher revenue in fourth quarter
Southwest Airlines third-quarter profit fell from a year ago but topped Wall Street estimates while the carrier workers to drum up revenue and fend off activist investor Elliott Investment Management.
12h
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 ...
16h
on MSN
Southwest Airlines activist investor group deal adds six board members, CEO stays
Southwest Airlines Thursday reached an agreement with activist investor Elliot Investment Management to head off a proxy ...
18m
Southwest, investor settle proxy fight
Southwest Airlines reached a settlement with an activist investor by agreeing to overhaul its board, ending -- at least for ...
16h
Southwest Airlines Bends To Activist Investor, Restructures Board
The carrier’s concessions will avert a proxy fight in exchange for naming six new directors. Notably, Southwest CEO Bob ...
17h
on MSN
Southwest Airlines Executive Chairman Gary Kelly retires early, Board announces new members
Kelly's retirement and Southwest's appointment of six new board members follow mounting pressure from hedge fund Elliot ...
17h
Southwest Airlines threw in the towel in its fight against activist investor Elliott
Southwest Airlines (LUV) reached a settlement with activist investor Elliott Investment Management, ceding six board seats to ...
8h
on MSN
American, Southwest Airlines on turbulent financial ride, struggling to adapt to evolving industry
While United and Delta each posted almost $1 billion dollar gains for Q3, American posted a net loss of nearly $149 million ...
1d
Elliott, Southwest Airlines near deal to avert board battle, Bloomberg News reports
Elliott Investment Management and Southwest Airlines are close to reaching a settlement that would avert a proxy battle for ...
Texas Public Radio
8h
Southwest Airlines names new directors, enters agreement with management firm
The Dallas-based airline announced six new independent directors after facing months of pressure from investment management ...
4h
Airlines are doubling down on premium seats. So far, it's paying off
American, Delta, and United Airlines are doubling down on high-margin premium cabins and expanding them on new planes.
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