Reported 11 months ago
Elliott has acquired a nearly $2 billion stake in Southwest Airlines, becoming one of its largest investors. The firm has proposed enhancements to the board, a leadership upgrade, and a comprehensive business review, anticipating a 77% return over the next 12 months. Southwest's underperformance compared to competitors is highlighted, with Elliott stating the airline presents a significant turnaround opportunity. The article discusses the implications of Elliott's involvement and Southwest's challenges in the market.
Source: YAHOO