11:19 AM EDT, 06/12/2024 (MT Newswires) -- (Updates with details throughout.)

Southwest Airlines ( LUV ) Chief Executive Bob Jordan has "no plans to resign" despite pressure from activist investor Elliott Investment Management, media outlets reported Wednesday, citing Jordan.

Elliott on Monday disclosed a $1.9 billion stake and called for new leadership at Southwest ( LUV ).

"My 150% focus is on supporting our employees, doing good for our customers and executing the wonderful plan we have to get better," Bloomberg News reported Wednesday, citing Jordan.

Although the company's executives haven't yet met directly with the activist shareholder, "like any investor, we'll engage them," Jordan reportedly said. "We want to understand what their ideas are."

Southwest ( LUV ) didn't immediately respond to MT Newswires' request for comment.

The company's shares were up 2.1% in recent trading.

Price: 28.64, Change: +0.59, Percent Change: +2.09