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Southwest CEO will not resign, will consider input from activist investor
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Southwest CEO will not resign, will consider input from activist investor
Jun 12, 2024 7:29 AM

June 12 (Reuters) - Southwest Airlines ( LUV ) CEO Bob

Jordan said Wednesday he will not resign as the air carrier

faces pressure from activist investor Elliott Investment

Management as the carrier is mulling changes to its open-seating

policy and other potential changes.

"We want to understand what their ideas are, they may have

great ideas," Jordan told reporters in Washington after an

event.

Jordan also said Southwest ( LUV ), which had expected to get 80

airplanes from Boeing ( BA ) this year, now only expects to receive 20

airplanes from Boeing ( BA ). Jordan will meet with the head of

the Federal Aviation Administration later on Wednesday to

discuss Boeing ( BA ).

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