Elliott Management acquires $1.9bn stake in Southwest Airlines, advocates leadership changes due to Boeing 737 jet dependence.

Activist investor Elliott Management, led by Paul Singer, acquires $1.9bn stake in Southwest Airlines. Calls for leadership changes due to airline's dependence on Boeing 737 jets and delays in promised jet deliveries due to safety and production issues. Southwest experiences a pilot hiring freeze, expecting only 20 out of 79 promised 737 jets in the upcoming year.

June 10, 2024
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