09:30 AM EDT, 10/14/2024 (MT Newswires) -- Southwest Airlines ( LUV ) shareholder Elliott Investment Management said Monday that it has requested a special meeting of shareholders to allow them to elect a new slate of director nominees.

Elliot Investment, which said the funds it manages collectively own an approximately 11% economic interest in the airline, is looking to replace the airline's board with an independent slate of eight director nominees.

"Absent a thorough reconstitution of its board, the story of Southwest ( LUV ) will remain one of empty promises and unfulfilled potential," Elliot Investment Partner John Pike and Portfolio Manager Bobby Xu said in a statement. "The nominees we have put forward today are uniquely qualified to hold the company's executive leadership accountable and ensure that the company delivers improved results."

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

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