Benzinga
  • 5 months ago
Southwest to End Open Seating Policy and Assign Seats Amid Pressure from Activist Investor.
Transcript
00:00It's Benzinga, and here's what's on the block.
00:02Southwest Airlines is set to make significant changes by assigning seats and introducing
00:07premium legroom options in a bid to attract more passengers and increase revenue.
00:11The changes come amid pressure from Elliott Investment Management,
00:14an activist investor advocating for a revamp of Southwest's leadership and strategy.
00:19CEO Bob Jordan stated the modifications align with customer preferences.
00:24Southwest expects these new options to be available next year.
00:27Southwest Airlines reported a second-quarter profit,
00:30although significantly lower than the previous year,
00:32leading to a decrease in their stock value.
00:34For all things money, visit Benzinga.com.

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