Activist investor Elliott takes nearly $2 bln stake in Southwest Airlines- WSJ

Investing.com-- Elliott Investment Management has built up a nearly $2 billion stake in Southwest Airlines Company (NYSE: LUV) and intends to push for changes to reverse the airline’s underperformance, the Wall Street Journal reported on Sunday.

Elliott plans to spur changes to also boost Southwest’s shares, which are trading down nearly 4% so far in 2024.

You May Also Be Interested In

• Lockheed Martin wins $2.8B in Defense contracts for F-35, helicopters
• 22nd Century Group files prospectus for warrant share resale
• Star Navigation Announces Proposed Non-Brokered Private Placement Transaction