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Elliott requests special meeting with Southwest Airlines, Bloomberg News reports
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Elliott requests special meeting with Southwest Airlines, Bloomberg News reports
Oct 17, 2024 2:38 PM

Oct 14 (Reuters) - Elliott Investment Management has

informed Southwest Airlines ( LUV ) that it is requesting a

special shareholder meeting, Bloomberg News reported on Monday,

citing people with knowledge of the matter.

The hedge fund has launched a campaign to oust the carrier's

CEO, Bob Jordan, and other top executives, blaming them for the

company's underperformance.

It wants Southwest ( LUV ) to change the way it runs its business

and has laid out plans to replace two-thirds of the board's 15

directors.

Elliott and Southwest ( LUV ) did not immediately respond to

Reuters' requests for comments.

(Reporting by Utkarsh Shetti in Bengaluru; Editing by Shinjini

Ganguli)

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