Elliott Investment demands leadership change at Southwest Airlines

The activist investor Elliott Investment Management has requested the convening of an extraordinary general meeting at Southwest Airlines. According to insider information, the hedge fund plans to push the current CEO Bob Jordan and other executives out of their positions. Elliott holds them responsible for the company's financial restraint and demands a strategic realignment. As part of the restructuring plans, Elliott aims to replace two-thirds of the 15-member management team. This could have far-reaching consequences for the future business policy of Southwest Airlines and indicate a profound redesign of the company's strategy. At present, neither Elliott Investment nor Southwest Airlines has responded to requests for comment, and the eagerly awaited response from the parties involved is thus absent for the time being.