Elliott Investment Management nominates 10 candidates for Southwest Airlines' board to address the airline's underperformance and industry lag.

Elliott Investment Management, a hedge fund, aims to strengthen Southwest Airlines' performance by nominating 10 candidates for the 15-member board. Elliott believes Southwest's current management has caused the airline to lag behind changes in the industry, resulting in shares dropping 12% this year. The hedge fund's slate of candidates includes former CEOs of Air Canada, WestJet, and Virgin America, as well as senior executives from JetBlue and Ryanair. Elliott's plan to nominate Southwest board candidates represents a key step towards implementing the necessary changes to restore the airline's position as an industry leader.

August 13, 2024
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