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Golden Cross Takes Flight: Southwest Airlines Soars After Earnings Beat
Thursday, October 24, 2024 - 1:13pm | 507Southwest Airlines Co. (NYSE:LUV) is soaring to new heights following an impressive earnings beat and a fresh alliance with activist investor Elliott Investment Management. In its recent earnings report, the airline posted a 5.3% increase in total operating revenue, hitting $6.87 billion —...
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Elliott Plans Meeting With Southwest Over 'Immense' Challenges, May Push For Board Changes
Tuesday, August 27, 2024 - 9:29am | 420Activist hedge fund Elliott Investment Management and Southwest Airlines Co. (NYSE:LUV) plan to meet for the first time on a couple of weeks to talk about possible changes to the airline. Elliott, which holds more than 9.7% of Southwest’s voting power, said it is eager to meet with company...
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Southwest CEO Has 'No Plans To Resign' As Activist Investor Turns Screw (UPDATED)
Wednesday, June 12, 2024 - 5:20pm | 482Editor’s Note: The headline has been revised for clarity, and the article updated with comments from a Southwest spokesperson. Southwest Airlines Co (NYSE:LUV) CEO Bob Jordan is determined to keep his top spot at the company, despite pressure from an activist investor that is looking to shake...
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Southwest Airlines Shares Slide, Misses Q1 Estimates Due To Holiday Flight Disruptions
Thursday, April 27, 2023 - 11:45am | 398Southwest Airlines Co (NYSE: LUV) reported first-quarter FY23 operating revenue growth of 21.6% year-over-year to $5.71 billion, missing the consensus of $5.73 billion. EPS loss was $(0.27), compared to $(0.47) in 1Q22, missing the consensus of $(0.23). "As expected, we...
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Why Southwest Airlines Shares Are Taking Off Today
Thursday, October 27, 2022 - 10:15am | 306Southwest Airlines Co (NYSE: LUV) shares are trading higher Thursday after the company reported better-than-expected earnings results and issued guidance. Southwest Airlines reported third-quarter revenue of $6.2 billion, which missed average analyst estimates of $6.23 billion, according to ...
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Southwest Airlines CEO Gary Kelly To Step Down As CEO In 2022
Thursday, June 24, 2021 - 10:58am | 328Southwest Airlines Co (NYSE: LUV) announced that chairman and CEO Gary Kelly will step down from his role as CEO in early 2022 and transition to executive chairman. On CNBC's "Squawk On The Street" Thursday, Kelly said he is looking forward to "finishing strong."...