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Elliott Investment Management called for leadership change at Southwest Airlines on Monday after reporting a stake worth about $1.9 billion in the US carrier.Southwest’s shares rose more than 7% on Monday.The activist investment management firm said Southwest’s “poor execution” and its leadership’s “stubborn unwillingness” to evolve the company’s strategy have led to deeply disappointing results for shareholders, employees and customers. 3 Activist investor Elliott Investment Management blasted Southwest’ ...

LOS ANGELES, CA - MAY 24: Southwest Airlines Boeing 737-752 arrives at Los Angeles International ... [+] Airport during Memorial Day weekend on May 24, 2024 in Los Angeles, California. (Photo by AaronP/Bauer-Griffin/GC Images)GC ImagesSouthwest Airlines (NYSE: LUV) stock will be in focus on Monday, June 10, after reports of Elliott Management building a position of $2 billion in the airline has emerged. Elliott Management is known for forcing management changes in the companies in which it builds positions. ...

文章核心观点 - 美国航空公司Southwest Airlines的股价在周一大涨,因为投资公司Elliott Investment Management收购了该公司价值20亿美元的股份 [1][2] - Elliott要求Southwest公司改组董事会,引入新的独立董事,并聘请外部人士担任公司高管,以提升公司的财务表现 [2] - Southwest公司正在考虑对其开放式座位政策进行调整 [3] 行业和公司相关内容总结 公司层面 - Elliott Investment Management收购了Southwest公司价值20亿美元的股份,成为该公司的大股东 [1][2] - Elliott要求Southwest公司改组董事会,引入新的独立董事,并聘请外部人士担任公司高管,以提升公司的财务表现 [2] - Southwest公司正在考虑对其开放式座位政策进行调整 [3] 行业层面 - 本文主要关注航空公司Southwest的经营情况,未涉及行业整体的相关内容

文章核心观点 - 美国航空公司西南航空(Southwest Airlines)的股价在周一大涨,因为激进投资者埃利奥特投资管理公司(Elliott Investment Management)宣布持有该公司19亿美元的股份,并呼吁公司董事会进行改革 [1][3] - 埃利奥特指责西南航空执行不善,公司领导层无法推动公司前进,导致股价表现不佳 [2] - 埃利奥特表示,如果西南航空采取其建议的改革措施,股价可能会在12个月内上涨77%,达到每股49美元 [4] 根据相关目录分别进行总结 公司情况 - 西南航空股价在周一大涨6.8%,达到每股29.66美元,并转为2024年以来的正收益 [5] - 埃利奥特认为西南航空是"过去20年来最具吸引力的航空公司扭转机会" [4] 投资者诉求 - 埃利奥特要求西南航空重组董事会,引入新的独立董事 [4] - 埃利奥特要求西南航空引入外部人士担任高管 [4] - 埃利奥特要求西南航空进行全面的业务审查,成立新的管理层和董事会委员会,以评估所有可用的机会,迅速将公司的业绩恢复到行业最佳水平 [4]

Southwest Airlines (NYSE:LUV) jumped 8% over the weekend on news Elliott Management invested $2 billion in LUV stock.The move makes Elliott one of Southwest’s biggest owners.The activist investor is expected to push for changes aimed at increasing returns to investors.LUV stock was due to open this morning at about $30 per share, and its market capitalization was nearly $18 billion.Not Feeling the LuvWhile the news means LUV stock is now up slightly for 2024, it’s down over the last 12 months and off 40% fr ...

文章核心观点 - 美国航空公司西南航空面临来自对冲基金Elliott Management的压力,Elliott希望更换西南航空的CEO和董事长[2][3][4] - Elliott认为西南航空从"最佳航空公司"沦落为行业落后者,需要进行领导层变革[3] - 西南航空面临航班延误、疫情后旅行需求模式变化等挑战,正在寻求新的收入来源以更好地与竞争对手竞争[7][8][9][10] - 西南航空股价过去3年下跌超过50%,而竞争对手达美航空和联合航空的股价变化不及西南航空[11] 公司概况 - 西南航空是一家主要经营国内航线的航空公司,专门使用波音737系列飞机[7] - 西南航空在2022年年底经历了一次严重的航班延误事件,给公司的客户服务声誉造成了打击,需要进行内部调整[10] - 西南航空的CEO和董事长分别于2022年2月和多年前就任,面临领导层变革的压力[9] 行业情况 - 航空业在疫情后面临旅行需求模式的变化,各航空公司正在寻求新的收入来源以保持竞争力[7][8] - 与竞争对手相比,西南航空的股价表现较差,反映了其在行业中的相对落后地位[11] - 航空公司普遍面临飞机交付延迟等供应链问题[7]

Discloses Approximately $1.9 Billion PositionCalls for Upgraded Leadership and Comprehensive Business ReviewBelieves Southwest Stock Can Achieve $49 per Share, a 77% ReturnFull Letter and Presentation Available at StrongerSouthwest.comWEST PALM BEACH, Fla., June 10, 2024 /PRNewswire/ -- Elliott Investment Management L.P. ("Elliott"), which manages funds that together have an investment of approximately $1.9 billion in Southwest Airlines Co. (NYSE: LUV) (the "Company" or "Southwest"), today sent a letter to ...

About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...

Thinking about travel stocks to sell may seem counterintuitive, with the summer season expected to heat things up for the travel industry. Despite the macroeconomic headwinds, analysts expect robust demand in the upcoming months. Additionally, travel companies have rebounded from the pandemic-led slowdown and are ready to spread their wings.However, recent insights from Deloitte suggest caution. Planned discretionary spending remains weaker for the U.S. consumer while intentions for housing spending are cli ...