Benzinga
  • 3 months ago
Southwest Airlines warned employees of upcoming "difficult decisions" to boost profits amid pressure from activist Elliott Investment Management. The airline recently introduced several revenue-boosting measures, including shifting from open seating to assigned seats, offering more legroom for higher fares, and adding red-eye flights. Elliott has pushed for leadership changes at Southwest, criticizing management's efforts to improve profitability. Executive Chairman and former CEO Gary Kelly announced his plan to step down after next year’s shareholder meeting.

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00:00It's Benzinga, and here's what's on the block.
00:02Southwest Airlines warned employees of upcoming difficult decisions to boost profits amid
00:07pressure from activist investor Elliott Investment Management.
00:11The airline recently introduced several revenue-boosting measures, including shifting from open seating
00:16to assigned seats, offering more legroom for higher fares, and adding red-eye flights.
00:21Elliott has pushed for leadership changes at Southwest, criticizing management's efforts
00:25to improve profitability.
00:27Executive Chairman and former CEO Gary Kelly announced his plan to step down after next
00:32year's shareholder meeting.
00:33For all things money, visit Benzinga.com.

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