Elliott Seeks December 10 Meeting to Replace Southwest Airlines Board Members, Stock Rises 1.2%

Oct 14, 2024, 01:43 PM

Elliott Investment Management has requested a special shareholder meeting at Southwest Airlines, marking the activist investor's first U.S. proxy fight since 2017. The meeting, scheduled for December 10, aims to replace eight board members. Elliott, holding an 11% stake in Southwest, has previously met with the airline's leadership. The news has led to a 1.2% rise in Southwest's stock price. Southwest CEO Bob Jordan is under pressure to overhaul the company amid this activist push. The ticker symbol for Southwest Airlines is $LUV, according to Bloomberg.