Southwest bends further to activist shareholder Elliott’s demands
Southwest is in the midst of a transformation that led it to announce Tuesday the first-ever involuntary layoffs.
Southwest pact boosts Elliott max exposure to 19.9% from 14.9%
Southwest Airlines entered into an amendment to the cooperation agreement with Elliott Investment Management that increases ...
Southwest Airlines Could Fly High On Demand Growth, But Needs To Improve Margins
Southwest Airlines' gross and net income margins could use improvement vs. peers, as well as its dividend growth trend. See ...
DAL, UAL, or LUV: Which Airline Stock Is Wall Street’s Best Pick?
The recently reported quarterly results of major airlines reflected strong travel demand despite a hike in airfares. Moreover, lower jet fuel ...
Southwest Airlines to cut 1,750 corporate positions in first nonvoluntary layoffs in its 53-year history
Southwest Airlines Co.'s stock fell 1% Tuesday after the carrier said it is cutting 1,750 corporate positions, equal to 15% of that group, as it moves to cut costs and create a leaner organization.
Southwest to cut 15% of corporate jobs in first-ever layoffs
Southwest Airlines Co. will cut about 1,750 jobs in its leadership ranks, a dramatic step to reduce expenses that mark the ...
Southwest Airlines' first-ever layoff to impact 15 percent of corporate ranks
Southwest Airlines has long boasted of never having an involuntary layoff over a history stretching back more than five ...
Southwest Airlines is slashing 15% of its corporate workforce, its first major layoffs in 53 years
The Dallas-based airline said Monday that the job cuts would be focused almost entirely on “corporate overhead and leadership positions,” including senior leadership and directors. Eleven senior ...
Southwest to lay off 15% of its corporate staff, including senior leadership
Southwest Airlines said Monday it will cut 15% of its corporate workforce, or 1,750 people — the first involuntary layoffs in the company’s history.