04:10 AM EDT, 06/11/2024 (MT Newswires) -- Southwest Airlines ( LUV ) said late Monday it is open to meeting with representatives of Elliott Investment Management, which has called for new leadership at the company after disclosing a stake of about 11% in the airline.

Southwest ( LUV ) said the company's executive leadership team and board are reviewing a letter and presentation from Elliot and "look forward to further conversations" with the activist investor.

"We are confident that Southwest Airlines ( LUV ) has the right strategy, the right plan and the right team in place to drive long-term value for our shareholders," the company said.

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