Articles tagged “elliott management”

The layoffs are the first in Southwest’s 53-year-old history as the carrier faces pressure to boost its bottom line following a bitter battle with activist investor Elliott Investment Management.

Following a bitter battle with an activist investor, Southwest is pausing corporate hiring and most summer internships to cut costs and improve margins.

Southwest had a rough going over the past few months, but CEO Bob Jordan says he has a plan. The Southwest experience may not look too different from other airlines.

Gangwal’s appointment marks the end of a tense battle with activist investor Elliott, which had long been pushing for significant leadership changes at Southwest.

The appointment of the new directors ends Southwest’s months-long battle with Elliott, which was poised to turn into a proxy fight.

As Southwest promises to make changes to its business model, Elliott is still pushing its case for new leadership.

Southwest’s more positive outlook comes as it seeks more ways to boost its profitability and fend off an activist investor.

Just one day before its investor day, Southwest announced it would cut some of its Atlanta service, impacting around 300 pilot and flight attendant positions.

Today's podcast looks at Juneau's new cruise ban attempt, Elliot Investment's new reveal for Southwest, and Etihad Airway's new routes.

In a letter to shareholders, Elliott said it still doesn’t support Southwest’s current course and would continue to push for new leadership.