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Southwest Airlines CEO Bob Jordan said Wednesday he has no plans to resign, despite pressure from activist Elliott Investment Management.
Jordan, who has been the company’s CEO since February 2022, made the comments on Wednesday while speaking to reporters following an industry event.
Jordan has faced sharp criticism from Elliott, and the airline earlier this week called on Southwest to replace him and board chairman Gary Kelly with new leadership from outside the company.
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It also said Southwest should conduct a “comprehensive business review” and take other steps to improve its financial performance.
A traveler uses a Southwest Airlines self-check-in kiosk at Logan International Airport in Boston on July 19, 2019. (Scott Eisen/Bloomberg via Getty Images/Getty Images)
FOX Business has reached out to Southwest Airlines for comment.
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The company stood by its management position earlier this week, saying it was “confident in our CEO and management team’s ability to execute on our strategy to deliver long-term value for all shareholders, serve our customers safely and reliably, create new and exciting career opportunities for our employees, and serve the interests of all our stakeholders.”
Southwest also said it believes the airline has “the right strategy, the right plan and the right team in place to create long-term value for our shareholders.”
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Jordan said Southwest Airlines “[s] According to Reuters, Elliott said he would “sit down and listen” to “understand their thinking.”
