Southwest CEO Jordan Says Airline Wants To Understand Elliott Ideas, Proposals, Will Treat Them Like Any Other Investor; Airline Expected To Get 80 Airplanes From Boeing This Year, And Now Looks Like It Will Get 20
Portfolio Pulse from Benzinga Newsdesk
Southwest Airlines' CEO, Jordan, stated that the airline is open to understanding ideas and proposals from Elliott Management, treating them like any other investor. Southwest is expected to receive 80 airplanes from Boeing this year, but now it looks like they will only get 20.
June 12, 2024 | 1:54 pm
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Boeing is now expected to deliver only 20 out of 80 airplanes to Southwest Airlines this year.
The reduction in airplane deliveries to Southwest Airlines could indicate production or supply chain issues at Boeing, potentially leading to a negative short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Southwest Airlines is open to proposals from Elliott Management and is now expected to receive only 20 out of 80 airplanes from Boeing this year.
The reduction in the number of airplanes from Boeing could impact Southwest Airlines' operational capacity and growth plans, potentially leading to a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100