Reported about 2 months ago
Southwest Airlines is gearing up for a confrontation with Elliott Investment Management, which seeks significant changes in the airline's leadership due to concerns over its underperformance. CEO Bob Jordan is rallying support from investors and employees, characterizing Elliott's intentions as hostile. While Southwest acknowledges the need for business improvements, it stands firm against replacing its leadership amid ongoing financial struggles since the pandemic. Analysts express concerns that Elliott's proposed changes might jeopardize the airline's longstanding brand identity.
Source: YAHOO