Southwest Airlines Continues To Project Q4 ASM Growth Of About 21%

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..

RTTNews | 34 dias atrás

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...

RTTNews | 54 dias atrás

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

RTTNews | 76 dias atrás

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

RTTNews | 220 dias atrás

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.

RTTNews | 224 dias atrás

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.

RTTNews | 243 dias atrás

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.

RTTNews | 251 dias atrás

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

RTTNews | 334 dias atrás

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