Activist Investor Elliott Faces an Uphill Battle in Southwest Coup Attempt
Cranky Flier
JUNE 11, 2024
There is no LUV for Southwest Airlines management this week as activist investor Elliott has taken more than a 10 percent stake in the airline and wants to fire Chairman Gary Kelly and CEO Bob Jordan. If you thought Carl Icahn’s investment in JetBlue was going to be a big fight, you ain’t see nothing yet. This is going to get ugly. So far, I am not impressed by Elliott’s take, but if this does push Southwest to act more quickly, then everyone wins.
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