Elliott’s Influence Grows: Southwest Airlines Showdown Looms

Elliott's Strategic Move and Its Implications

Elliott Investment Management, a renowned hedge fund, has strategically increased its stake in Southwest Airlines to 10%, crossing the pivotal threshold that enables it to request a special meeting. This move is significant as it comes just before scheduled talks on September 9, aimed at addressing the carrier’s struggles. Southwest’s stock has seen a dramatic 50% decline over the past three years, prompting this aggressive stance by Elliott.