southwest airlines profit news

Southwest Strikes a Truce With Activist Hedge Fund Elliott

Southwest settles proxy fight with hedge fund as Q3 profit shrinks

Southwest Airlines CEO Robert Jordan managed to survive the shakeup, but faces pressure to improve the company’s financial performance.

New York Post on MSN · 5h

Southwest CEO to keep job after bitter boardroom battle with hedge fund Elliott

The agreement came as the carrier reported a surprise third-quarter profit, benefiting from improved pricing and demand, as well as rebookings from passengers stranded due to the global cyber

The New York Times · 6h

Southwest Strikes a Truce With the Activist Hedge Fund Elliott

The airline will appoint six new directors to its board, avoiding a proxy fight with the activist investor Elliott Investment Management, one of its largest shareholders.

Bloomberg L.P. · 9h

Elliott, Southwest Said to Near Settlement to Avert Board Battle

Elliott Investment Management and Southwest Airlines Co. are nearing a settlement that would avoid a proxy fight for control of the carrier’s board, according to people familiar with the matter.

Southwest Air Tops Profit Estimates

Bloomberg on MSN · 8h

Southwest Airlines Tops Profit Estimates as Cost Cuts Take Hold

Southwest Airlines Co. reported third-quarter profit more than double Wall Street’s estimates, a needed boost as the carrier tries to shore up financial results amid a bruising fight with activist Elliott Investment Management.

NBC New York · 11h

Southwest Airlines profit tops estimates, company expects higher revenue in fourth quarter

Southwest Airlines third-quarter profit fell from a year ago but topped Wall Street estimates while the carrier workers to drum up revenue and fend off activist investor Elliott Investment Management.

Reuters · 7h

Southwest Airlines settles boardroom feud with activist investor Elliott

Southwest Airlines reported a surprise third-quarter profit on Thursday, benefiting from improved pricing and demand, as well as rebookings from passengers stranded due to the global cyber outage in July.

8hon MSN

Southwest Airlines Stock Rises After Earnings Beat

Southwest Airlines reported better-than-expected earnings Thursday, sending its shares higher ahead of the opening bell. The ...

11h

Southwest settles proxy fight with hedge fund and reports smaller Q3 profit. American loses money

Southwest Airlines will replace several members of its board with candidates pushed by Elliott Investment Management to end a ...

Journal Record3h

Southwest settles proxy fight, reports smaller profit

Southwest Airlines reached a settlement with an activist investor by agreeing to overhaul its board, ending — at least for ...

TravelPulse on MSN8h

Southwest Reconstitutes Board in Deal With Elliott Management Following Profitable Q3

Southwest Airlines reported a profitable third quarter and restructured its board in a deal with Elliott Management, ...

Business Insider15h

Southwest Airlines Inc. Q3 Profit Decreases, But Beats Estimates

(RTTNews) - Southwest Airlines Inc. (LUV) revealed a profit for third quarter that decreased from last year but beat the Street estimates. The company's bottom line came in at $67 million, or $0 ...

MT Newswires on MSN7h

Southwest, American Airlines Beat Quarterly Views; Southwest Reaches Deal With Elliott

Southwest Airlines (LUV) and American Airlines (AAL) reported better-than-expected third-quarter results, while Southwest said it reached a cooperation agreement with activist investor Elliott ...

7hon MSN

Southwest Airlines Executive Chairman Gary Kelly retires early, Board announces new members

Kelly's retirement and Southwest's appointment of six new board members follow mounting pressure from hedge fund Elliot ...

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