LUV Forex News
Southwest To Review Elliott's Request For Shareholders' Meeting
Southwest Airlines Co. confirmed that its shareholder Elliott Investment Management L.P. has requested a Special Meeting of Shareholders to consider its proposals, mainly change in directors. The investor for long has been trying to overhaul the airline's leadership, demanding better performance. Responding to the demand, Southwest said its Board will carefully review the Special Meeting request..
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34 days ago
Southwest Airlines Rejects Elliott's Call For Immediate CEO Change
Southwest Airlines Co., which is being targeted for a revamp by its shareholder Elliott Investment Management L.P., issued a response to the latter's open letter, confirming its stand in the discussed issues, including director appointments and a change of its Chief Executive Officer. Responding to Elliott's second open letter demanding immediate CEO change, the airline stated that its Board...
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54 days ago
Elliott Crosses 10% Threshold In Southwest To Call For Special Meeting
Elliott Investment Management L.P. now holds 10 percent stake in Southwest Airlines Co., crossing the threshold that would allow the investment firm to call a special meeting, Reuters reported citing a person familiar with the matter. The development comes as the airline and the hedge fund, amid its ongoing public fight, are scheduled to meet on September 9 to discuss the problems with the airline
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76 days ago
US Airlines, Unions Urge Govt To Pause Addl. Flights Between US And China
Major airlines in the United States, along with its various unions, urged the Biden Administration to pause additional passenger flights between the country and China, citing anti-competitive policies of the Chinese government. Following the news, most of China-based airlines were trading lower on Friday. Air China Ltd shares fell 2.9 percent, while China Eastern Airlines Corp. Ltd. dropped 2.5
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220 days ago
FAA Probes Southwest Boeing Flight's Emergency Landing After Engine Cover Falls Off
The U.S. Federal Aviation Administration or FAA said it will investigate an emergency landing by Southwest Airlines' Boeing 737-800 flight after its engine cover fell off and struck the wing flap during takeoff on Sunday morning. In the latest incident involving a Boeing aircraft, the Southwest Flight 3695 was bound for Houston Hobby airport with 135 passengers and six crew members aboard.
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224 days ago
Southwest Airlines Reaches Tentative Deal With Flight Attendants' Union For New Labor Contract
Southwest Airlines Co. (LUV) announced Wednesday it has reached a Tentative Agreement with the Transport Workers Union Local 556 (TWU 556) for a new labor contract covering the Company's nearly 20,000 Southwest Airlines Flight Attendants.
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243 days ago
Southwest Airlines Sees Q1 Loss, Fewer Deliveries Amid Boeing Issues; Stock Down
Southwest Airlines Co. (LUV), in a filing with the U.S. Securities And Exchange Commission, on Tuesday said it sees a net loss in its first quarter 2024, and trimmed forecast for unit revenues amid challenges with Boeing Co., while capacity outlook was raised. Further, the airline is now expecting fewer deliveries of new aircraft from Boeing in 2024.
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251 days ago
Southwest Airlines, Pilots Union Reach Labor Deal
Southwest Airlines Co. and its pilots' union have reached an agreement in principle on a new contract after years of long negotiations, according to the Southwest Airlines Pilots Association or SWAPA. The contract reportedly is worth $12 billion over five years. SWAPA, which represents more than 11,000 pilots of the airline, said the next step in the process is an evaluation of the agreement
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334 days ago
U.S. Dept. Of Transportation Fines Southwest Airlines $140 Mln For Operational Violations
The U.S. Department of Transportation issued on Monday a consent order for violations of consumer protection laws by Southwest Airlines Co. (LUV) during and after the operational failures that stranded over two million passengers over the 2022 Christmas holiday and into the New Year.
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336 days ago
Southwest Airlines Continues To Project Q4 ASM Growth Of About 21%
While updating its guidance for the fourth quarter on Wednesday, Southwest Airlines Co. said it now expects operating revenue per available seat mile (RASM) be down 9 to 10 percent, compared to down 9 to 11 percent earlier. The company continues to expect available seat miles to be up about 21 percent.
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341 days ago
