Reported 7 months ago
Southwest Airlines CEO Bob Jordan stated he will not resign despite pressure from activist investor Elliott Investment Management, who called for leadership changes at the airline. Jordan plans to listen to Elliott's ideas but emphasized that Southwest will make decisions independently. The airline is considering updates to its open-seating policy and potential amendments following Elliott's $1.9 billion stake. Additionally, Jordan discussed challenges with Boeing's aircraft deliveries and FAA certification delays, expressing support for Boeing's improvement efforts. Southwest aims to unveil a comprehensive plan at an investor day in September.
Source: YAHOO