Edgestream Partners L.P. Sells 23,411 Shares of Southwest Airlines …

Dec 4, 2024 · Edgestream Partners L.P. decreased its position in Southwest Airlines Co. (NYSE:LUV – Free Report) by 31.1% during the third quarter, according to the company in its …

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Edgestream Partners L.P. Sells 23,411 Shares Of Southwest Airlines …

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Dec 4, 2024 · Edgestream Partners L.P. decreased its position in Southwest Airlines Co. (NYSE:LUV – Free Report) by 31.1% during the third quarter, according to the company in its …

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Edgestream Partners Cuts Stake In Southwest Airlines

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Dec 5, 2024 · Edgestream Partners L.P. reduced its stake in Southwest Airlines (NYSE:LUV) by 31.1% during the third quarter, bringing its holdings down to 51,928 shares valued at $1.54 …

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Southwest Airlines' (LUV) Sell Rating Reiterated At Citigroup

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Jan 17, 2025 · Edgestream Partners L.P. lifted its stake in Southwest Airlines by 120.8% during the 2nd quarter. Edgestream Partners L.P. now owns 75,339 shares of the airline's stock …

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Southwest Airline’s Activist Investor Concerns Won’t Disappear …

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Nov 11, 2024 · In June, Elliott disclosed a $1.9 billion stake in Southwest and proceeded to spend the summer skewering the Dallas-based airline for lackluster financial performance and …

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Southwest Shares Jump 9% After Elliott Takes Nearly $2 Billion Stake

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Jun 10, 2024 · Elliott notified Southwest of its $1.9 billion stake—about 11% of the company ... receiving 20 instead of 79—and would cut 2,000 jobs, citing “significant challenges” caused by …

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Activist Investor Takes $1.9 Billion Stake In Southwest Airlines, …

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Jun 10, 2024 · Activist hedge fund Elliott Management has amassed a $1.9 billion stake in Southwest Airlines and plans to push for leadership changes at the airline that has lagged big …

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Activist Investor Takes $1.9 Billion Stake In Southwest Airlines

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Jun 10, 2024 · Elliott Investment Management announced Monday it has taken a $1.9 billion stake in Southwest Airlines and said there needs to be new leadership at the Dallas-based carrier.

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Southwest Airlines Soars As Elliott Confirms $2B Stake, Calls For CEO ...

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Jun 10, 2024 · Boarding1Now. Update 11:20am: Adds Southwest comment. Southwest Airlines (NYSE:LUV) jumped 6.7% as prominent activist investor Elliott Investment Management …

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FAQs about Edgestream Partners L.P. Sells 23,411 Shares of Southwest Airlines … Coupon?

Why are Southwest & Delta shares down?

Southwest shares are down by more than 50% from three years ago when travel demand, led by domestic trips, was starting to come back. In contrast, Delta Air Lines shares are up around 10% over that period and United Airlines are down about 7%. Elliott’s campaigns at other companies have likewise centered on a change in leadership. ...

Does Elliott investment management own Southwest Airlines?

Elliott Investment Management has an 11% stake in Southwest Airlines. They’ve been pushing for changes at the carrier, but their biggest insistence is that current management is out. They’ve already successfully pushed to have Chairman Gary Kelly retire next year. ...

Will Elliott Management reshape Southwest's CEO?

Seeing a turnaround opportunity, Elliott Management, an activist hedge fund with an 11% stake in the $18 billion airline, launched an aggressive campaign earlier this year to push out CEO Bob Jordan, as well as chairman and former CEO Gary Kelly, and replace half of Southwest’s board. ...

Why are southwest shares up 69% in afternoon trading?

Southwest shares were up 6.9% in afternoon trading after earlier gains of more than 10%. The pioneering low-cost carrier has been hard-pressed for new high-margin revenue streams as its costs have ballooned. Activist investor Elliott Management has been pressuring Southwest to shake up its management. ...

Why is southwest struggling with 737 MAX delays?

Southwest has struggled with delays at Boeing of new 737 Max planes, the newest models of the plane which the carrier exclusively flies, as well as shifting travel demand patterns after the pandemic. The airline’s leaders are now looking for new ways to drum up revenue to better compete with rivals that offer travelers more perks and products. ...

What is southwest's revenue forecast for the third quarter?

It raised its revenue forecast for the third quarter. Revenue per available seat mile is now expected to be up 2%-3% in the September quarter from a year ago, compared with its previous forecast of flat to down 2%. Southwest once boasted a record 47 consecutive years of profit before the COVID-19 pandemic. ...