Articles tagged “bob jordan”

Southwest executives will be hoping that these improved financials take some of the heat off a company that has faced intense scrutiny in recent months. 

Southwest’s profits decreased by 46% as it looks to make changes to its business model to boost its bottom line.

The hedge fund claims it now has multiple allies that support a leadership overhaul at Southwest.

Gangwal’s appointment comes after activist investor Elliott criticized the airline’s board for not having enough directors with external airline experience.

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.

Southwest's cut in revenue guidance for the current quarter comes just three weeks after a vocal activist investor called for big changes at the airline.