Fitch Ratings downgraded Southwest Airlines to a “negative” rating outlook from its previous stable rating on April 3, 2025.The credit rating agency stated that Southwest may shift to a “less conserva...
A Southwest Airlines flight was forced to abort its landing at Chicago’s Midway Airport on February 25, 2025, after a business jet entered the runway without authorisation, the Federal Aviation Admini...
Southwest Airlines is cutting 15% of its corporate positions, as the airline looks to streamline operations while minimising costs.The workforce reduction of approximately 1,750 employee roles is focu...
Elliott Investment Management - which manages funds that together have an investment representing an 11% economic interest in Southwest Airlines – has called for a special meeting of shareholders. Ell...
Southwest Airlines director and IndiGo cofounder Rakesh Gangwal purchased approximately 3.6 million shares in Southwest, the airline revealed in a stock filing on October 2, 2024. The total shares are...
Southwest Airlines put on show its recovery plan at its investor day on September 26, 2024. The plan “reimagines core product” to supply the evolving customer demand. The airline highlighted its new ...
Activist investor Elliott Investment Management, which holds an 11% stake in Southwest Airlines, intends to call a special meeting at the Dallas airline in "the coming weeks" - possibly "as soon as ne...
Southwest Airlines has shaken up its board, promising "significant ongoing refreshment", after meeting activist investor Elliott Investment Management. Executive chairman Gary Kelly will voluntarily r...
The US Department of Transportation (DOT) has launched an inquiry into the US 'big four' carriers for potentially ""unfair, deceptive, or anticompetitive practices"". The probe is focussed on the d...
Elliott Investment Management has now acquired a 10% ownership of Southwest Airlines, it said in a filing late on August 30, 2024. The activist investor now has a large enough stake to call for a s...
In the ongoing battle between Southwest and Elliott Investment Management, the activist investor has sent an open letter to the airline's shareholders. The letter, signed off by partner John Pike a...
Southwest Airlines extended its flight schedule on August 22, 2024, extending it through April 7, 2025. The airline is adding nonstop international services between Nashville and both Punta Cana and C...
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