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.
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. Send tips to Meghna on Signal at mmaharishi.61.
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.
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.
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 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.
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.
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.
American Airlines and Flight Attendants Fail to Reach New Contract
Without a new contract, American Airlines flight attendants say they are preparing to potentially strike.
American Airlines Hits Pause on Pilot Hiring
American is the latest major U.S. carrier to pause hiring new pilots. The carrier is facing a weaker financial outlook for the second quarter and is moderating its growth for the year.
‘Why Haven’t You Resigned?’: Senators Grill Boeing CEO Over Safety Record
In a heated exchange, senators questioned Boeing CEO Dave Calhoun on the company’s safety record, mounting whistleblower allegations, and his pay.