Southwest Airlines executives to meet with hedge fund seeking major changes

A general view of a Southwest Airlines jet photographed at LaGuardia Airport on February 4, 2024, in the Queens borough of New York City, United States.
A general view of a Southwest Airlines jet photographed at LaGuardia Airport on February 4, 2024, in the Queens borough of New York City, United States. Photo credit Bruce Bennett/Getty Images

Southwest Airlines executives are scheduled to meet Monday with representatives from Elliott Investment Management, a hedge fund that recently acquired a 10% stake in the airline.

KRLD business analyst David Johnson said the 10% stake allows Elliott Investment Management to call a meeting. The firm has expressed concerns that Southwest Airlines is not keeping pace with industry trends and has called for the replacement of several members of the airline's board of directors.

The outcome of Monday's meeting could have major implications for the future direction of Southwest Airlines.

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Featured Image Photo Credit: Bruce Bennett/Getty Images