Skift Take
Southwest said it is confident in its strategy and leadership team as Elliott is pushing for the airline to replace its CEO and chairman.
Southwest Airlines is doubling down on its strategy after Elliott Investment Management, an activist fund, took a $2 billion stake in the company.
“We are confident that Southwest Airlines has the right strategy, the right plan and the right team in place to drive long-term value for our Shareholders,” Southwest said in a statement.
Elliott’s stake in Southwest makes it one of the airline’s largest investors. The firm is pushing for major leadership changes, including replacements to CEO Bob Jordan and Chairman Gary…
