04:34 PM EDT, 09/26/2024 (MT Newswires) -- Southwest Airlines' ( LUV ) activist investor Elliott Investment Management said Thursday it is determined to call a special shareholder meeting to allow investors to have a say and potentially elect an independent board of directors.

The airline's Investor Day on Thursday repeats "another promise of a better tomorrow" from the same leaders "who have created the problems," Elliott said in a statement.

In 2021 and 2022, Southwest ( LUV ) made promises of significant profitability improvements, but instead saw "billions of dollars of profitability deterioration" under Chief Executive Bob Jordan's leadership, Elliott added.

Southwest's ( LUV ) "announcement that adding assigned seating and premium products will take multiple years to implement... is further evidence that Jordan lacks the vision and capability to execute on these initiatives," Elliot said.

Southwest ( LUV ) did not immediately respond to a request for comment from MT Newswires.

Price: 29.93, Change: +0.11, Percent Change: +0.37