Category: Southwest
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Southwest will end cabin service earlier due to reduce injury risk
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Southwest Airlines says it will end earlier cabin service on its flights starting next month. A company spokesperson said that starting Dec. 4, flight attendants will begin preparing the cabin for landing at 18,000 feet (5,486 meters) instead of 10,000 feet (3,048 meters). The company said the change in procedure…
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Southwest will end cabin service earlier due to reduce injury risk
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Southwest Airlines says it will end earlier cabin service on its flights starting next month. A company spokesperson said that starting Dec. 4, flight attendants will begin preparing the cabin for landing at 18,000 feet (5,486 meters) instead of 10,000 feet (3,048 meters). The company said the change in procedure…
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Southwest and activist investor Elliott begin settlement talks
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Elliott Investment Management and Southwest Airlines Co. in discussing a potential settlement that would avoid a proxy battle for control of the airline’s board, according to people familiar with the matter. Elliott proposed a framework that would give her representation on Southwest’s board but not control, said some of the…
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Southwest Airlines warns staff of ‘tough decisions’ ahead, Bloomberg reports By Reuters
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(Reuters) – Southwest Airlines Co warned its employees it will soon make tough decisions as part of a strategy to restore profits and face demands from activist investor Elliott Investment Management Inc, Bloomberg News reported on Saturday. The airline is considering making changes to its flight routes and schedules to…
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Southwest Airlines warns staff of ‘tough decisions’ ahead, Bloomberg reports By Reuters
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(Reuters) – Southwest Airlines Co warned its employees it will soon make tough decisions as part of a strategy to restore profits and face demands from activist investor Elliott Investment Management Inc, Bloomberg News reported on Saturday. The airline is considering making changes to its flight routes and schedules to…
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Exclusive-Elliott now owns enough of Southwest Airlines to call special meeting
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By Svea Herbst Bayliss NEW YORK (Reuters) – Elliott Investment Management Inc now owns 10% of Southwest Airlines Co’s common stock, exceeding the threshold that allows the hedge fund to call a private meeting at the airline, a person familiar with the matter said. The news comes days before the…
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Elliott lays out its case for leadership change at Southwest Airlines By Reuters
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By Svea Herbst Bayliss NEW YORK (Reuters) – Elliott Investment Management, which now owns about 9.7 percent of Southwest Airlines Co (NYSE: )’s voting power, told investors the company needs new outside leadership for a “better future” but is also prepared to move forward with a planned proxy battle. In…
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Activist Elliott seeks 10 board seats at Southwest Airlines (NYSE:LUV)
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Kevin Deitch/Getty Images News Update 9:05 PM: Elliott’s confirmation adds. Activist firm Elliott Investment Management is preparing to launch a proxy battle in Southwest Airlines (NYSE: LUV). The prominent activist fund plans to nominate 10 candidates for the position of director of the airline’s 15-person board, according to a statement…
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Southwest investor asked the board to dump its CEO over the airline’s struggles. Now it wants to oust the board.
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Elliott Management Inc. is planning to nominate a slate of candidates for Southwest Airlines Co.’s board of directors, adding to activist investor pressure for sweeping changes at the struggling airline, according to a person familiar with the matter. Elliott will nominate up to 10 directors and call a special investor…
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US FAA probes latest Southwest Airlines flight that posed safety issues By Reuters
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By David Shepardson The U.S. Federal Aviation Administration said Saturday it was investigating a Southwest Airlines plane that crashed after flying too low over Tampa Bay, Florida, the latest in a series of incidents that have raised safety questions. The Southwest Boeing 737 Max, which departed from Columbus, Ohio, on…
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Southwest Air, Archer Aviation work on plans to fly air taxis in California By Reuters
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By David Shepardson Southwest Airlines Co. and Archer Aviation Inc. said Friday they have agreed to develop operational plans for electric air taxi networks that Archer is building at California airports where Texas-based Southwest operates. The companies said they have signed a memorandum of understanding to collaborate on a concept…