Activist Investor Takes $2B Stake In Southwest Airlines, Plans To Demand Changes
Activist investor Elliott Capital Management has taken a nearly $2 billion stake in Southwest Airlines, and plans to push for changes to their business. That’s a huge investment for a carrier with a current market cap of about $16.5 billion. It should earn them board seats.
Southwest Airlines is struggling financially, but is still heavily prized by the market relative to its economic performance. The market seems to think the carrier’s fortunes will turn around already and it’s not clear what changes this investor could push for to improve outcomes that the carrier isn’t already…
