An activist investor group that wants to see major changes at the top of Southwest Airlines has called a special meeting for December.It wants to replace at least eight members of the board of directors with its own candidates. Monday’s announcement of a special meeting for shareholders in December comes a few weeks after SWA executives announced changes to the board and the airline. Elliott Investment Management announced on Monday that it’s calling a special meeting for shareholders on Dec.
The airline also unveiled a new plane design set to take flight in 2026 and announced changes to policies, including no more open seating and a reduction in flights."Obviously, it's not the right kind of changes to make Elliott happy," Davis said. "But whether it's enough to change the direction of the airline, that's going to be hashed out between now and that meeting in December. And it probably won't be completely hashed out after that meeting.