Airlines
Elliott Calls Southwest’s Board ‘Profoundly Out of Touch’ as Activist Campaign Heats Up
The hedge fund claims it now has multiple allies that support a leadership overhaul at Southwest.
Meghna Maharishi
Meghna Maharishi is Skift's Airline Reporter, where she covers everything from loyalty programs to policy-making in Washington, D.C. She previously covered the airline industry at The Points Guy, worked on the investigative desk at CNBC, and did data visualization at CNN Politics.
Airlines
Southwest Adds IndiGo Co-Founder to Board in Latest Line of Defense Against Elliott
Gangwal’s appointment comes after activist investor Elliott criticized the airline’s board for not having enough directors with external airline experience.
Airlines
Boeing Pleads Guilty: 3 Takeaways From Its Deal With the DOJ
The plea deal with the DOJ would mandate that Boeing pay more fines and install an independent monitor to oversee its quality control and production processes.
Airlines
Southwest Tries to Fend Off Elliott With 'Poison Pill'
Southwest is adopting a shareholder rights plan — known as a “poison pill” — to fend off Elliott from attaining a controlling stake in the company.
Airlines
American Airlines Bets on Hydrogen-Electric Engines Despite Limits
Airlines have been making larger investments in hydrogen-electric startups as they look for ways to become more sustainable. But it’s unclear if such engines can be used on a wide scale.
Airlines
Justice Department Plans to Ask Boeing to Plead Guilty Over 737 Max Linked to Fatal Crashes
If Boeing is convicted of committing a felony, it could become harder for the plane maker to win contract work with the federal government.
Airlines
Ryanair Calls European Air Traffic Control ‘Shambolic’ as Delays Mount
European airlines have delayed hundreds of flights due to air traffic control restrictions caused by severe weather in the region.
Airlines
Airlines Brace for Busiest Fourth of July Yet
This year’s holiday is set to be one of the busiest on record as millions of Americans take to the skies during the holiday week.
Airlines
Activist Investor Slams Southwest’s Outlook, Says Airline is ‘Unable to Adapt’
Elliott Investment Management, which has a $2 billion activist stake in Southwest, was highly critical of the airline’s revenue forecast cut for the second quarter.
Airlines
Scalp Massages at JFK? Inside Delta’s Premium Lounge Debut
The first Delta One lounge at JFK includes a full-service restaurant, a shoe shining service, massage chairs and other spa treatments.