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The Latest Breaking News from Southwest

Here's how Southwest plunged from beloved airline icon to activist investor target

Southwest was a customer darling. But 'active inertia' hobbled the stock and precipitated a leadership crisis.

Fortune

Elliott, Southwest Airlines Close To Reaching Settlement To Avert Board Battle: Report

The parties are currently negotiating terms that would provide Elliott with a number of board seats, though less than the majority, to ensure that control remains with the airline, according to a report.

International Business Times

Southwest Airlines Faces Shareholder Pressure For Board Changes

Southwest Airlines faces shareholder pressure for board changes and strategic overhaul amid financial challenges and safety concerns.

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Southwest Airlines' Q3 2024 Earnings: What to Expect

Southwest Airlines is all set to release its third-quarter earnings this month, and analysts expect a massive profit dip.

Barchart

Hurricane Milton has caused thousands of flight cancellations. What to do if one of them was yours

Thousands of flights in and out of the U.S. have been canceled this week as Hurricane Milton barreled into the Gulf of Mexico and plowed across Florida

The Independent UK

Close call at Nashville airport came after planes were directed to same runway, probe shows

Investigators say that air traffic controllers cleared one plane to take off after telling pilots of another plane to cross the same runway in Nashville last month

The Independent UK

What's in Dia's wallet: Southwest Airlines spreads the luv with a new partner: Icelandair

Welcome news for Southwest Airlines fans: you’ll soon be able to use Rapid Rewards points to get to Europe on Icelandair.

Fortune

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Can Southwest CEO Bob Jordan keep activists at bay?

Earlier this month, chairman Gary Kelly told shareholders he would retire next year amid pressure from hedge fund Elliott Management.

Fortune

Southwest stock surges 10% as airline presents turnaround plan

The changes come two days after Elliott threatened to call a special meeting as it tries to push CEO Bob Jordan out.

Fortune

Southwest Airlines Cancels 200 Flights Due To Hurricane Helene

Southwest Airlines faces disruptions due to Hurricane Helene, canceling over 200 flights in Florida.

Top News

Southwest Airlines Faces Major Overhaul Amid Investor Pressure

Southwest Airlines is making strategic changes, including discontinuing open seating and potential introduction of bag fees, in response to financial chall...

Top News

Southwest Airlines Prepares To Share Profitability Plan with Investors

Southwest is hosting its Investor Day in Dallas on Thursday, when shareholders will have the opportunity to hear more about these initiatives and the airline's plan to restore its profitability.

International Business Times

How much will Southwest Airlines change to boost profits? Some details are emerging

Southwest Airlines leaders say they will provide more details about their plan to change the airline and increase profits

The Independent UK

Southwest Airlines To Cut Flights And Jobs In Atlanta

Southwest Airlines to reduce flights to Atlanta by one-third to enhance profitability. Over 300 jobs will be cut, but employees can relocate. The airline i...

Top News

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The Independent UK

Southwest plans to cut flights in Atlanta while adding them elsewhere. Its unions are unhappy

Southwest Airlines is planning to cut about one-third of its flights in Atlanta next year to save money, and employees affected by the change are furious

Top News

Alaska Airlines Jet Stops To Avoid Collision In Nashville

Alaska Airlines jet stops on Nashville runway to avoid Southwest plane, investigations ongoing. No injuries reported, but flat tires on Alaska plane.

Fortune

Southwest shares drop with chairman retiring amid Elliot pressure

Elliot announced in June that it had built a 11% stake in the airline and called for the departures of Kelly and CEO Bob Jordan.

Top News

Southwest Airlines To Revamp Board, Keep CEO Amid Investor Pressure

Southwest Airlines faces changes as it revamps its board and considers CEO replacement, responding to pressure from Elliott Investment Management.

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International Business Times

Southwest Chairman Gary Kelly To Retire As Struggling Airline Shakes Up Board

The moves come after a meeting with large shareholder Elliott Investment Management.

The Independent UK

Southwest shakes up board after coming under pressure from big shareholder

Southwest Airlines will revamp its board and the chairman will retire next year, but it intends to keep CEO Robert Jordan after a meeting with hedge fund Elliott Investment Management, which has sought a leadership shakeup at the airline including Jordan’s ouster

International Business Times

Major US Airlines Face Federal Probe Over Loyalty Program Practices

The four largest U.S. air carriers — Delta Air Lines Inc., American Airlines Group Inc., United Airlines Holdings Inc. and Southwest Airlines Co.— have to submit detailed reports on their reward programs within 90 days.

Fortune

Southwest Airlines is under attack—and it's something founder Herb Kelleher always worried about

Southwest's co-founder, who died five years ago, created the company’s singularly successful model and oversaw 47 consecutive quarters of profitability.

Fortune

Former United Airlines CEO: Activist investors are wrong about Southwest. Running an airline requires more than just financial acumen

'Replacing executives at this critical juncture could disrupt the momentum and stability that Southwest needs to implement changes,' writes Oscar Munoz.

Kiplinger

Stock Market Today: Dow Gains 242 Points After Encouraging CPI Data

The Nasdaq Composite ended flat, though, as Alphabet sold off on more regulatory woes.

Kiplinger

Southwest Gears Up for Proxy Fight With Elliott Investment

Elliott Investment is seeking major changes at Southwest Airlines, including several board seats. Here's what a proxy battle could mean.

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