Investment firm’s $1.9 billion stake in Southwest could spell doom for CEO

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Elliott Investment Management's involvement in Southwest could mean CEO Robert Jordan is scrambling to find a seat with a new company.

in January have hindered Southwest’s expansion efforts. Out of the previously expected 79 new aircraft, the airline now foresees only 20 new Boeing deliveries this year.

A traveler heads away from the check-in counters for Southwest Airlines on Tuesday, April 16, 2024, at Denver International Airport in Denver.

 

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Elliott Investment adquiere participación en Southwest y desea destituir al CEOLa firma de inversiones Elliott Investment Management ha comprado una participación de 1.900 millones de dólares en Southwest Airlines y busca destituir al CEO de la aerolínea, que ha enfrentado problemas operativos y financieros.
Fonte: sdut - 🏆 5. / 95 Consulte Mais informação »

Investment firm takes $1.9 billion stake in Southwest Airlines and wants to oust the CEOActivist shareholder Elliott Investment Management has bought a $1.9 billion stake in Southwest Airlines and is seeking to force out the CEO of the airline, which has struggled with operational and financial problems.
Fonte: WashTimes - 🏆 235. / 63 Consulte Mais informação »