Elliott Management Reportedly Builds $2B Stake In Southwest Airlines, Plans To Push For Change
Portfolio Pulse from Benzinga Neuro
Elliott Investment Management has acquired a nearly $2 billion stake in Southwest Airlines (NYSE:LUV) and plans to push for changes to address the airline's underperformance. Southwest's share price has dropped over 50% in the last three years, contrasting with the performance of other airlines. Elliott is known for driving significant changes in underperforming companies.
June 10, 2024 | 2:15 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Elliott Investment Management has acquired a nearly $2 billion stake in Southwest Airlines and plans to push for changes to address the airline's underperformance. Southwest's share price has dropped over 50% in the last three years.
Elliott Management's significant stake and history of driving change in underperforming companies suggest potential positive impacts on Southwest Airlines' stock price. The airline's underperformance and recent challenges make it a prime candidate for activist intervention.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100