Rep. Brandon Williams (R-NY) discussed President Biden challenging Republicans on Social Security and commented on Southwest Airlines’ chief operating officer apologizing for holiday travel disruptions.
Southwest Airlines shares soared on Monday after activist investor Elliott Investment Management acquired $2 billion worth of stock in the airline.
In a letter sent Monday to Southwest’s board of directors, Elliott argued the airline needs to improve its financial performance and called for management changes and other measures.
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In their letter, Elliott executives said Southwest should restructure its board with “new truly independent directors” and hire new outside executives. They also urged the airline to create a committee “to evaluate all available opportunities to rapidly restore the company’s performance to peak levels.”
A bird’s-eye view of a Southwest Airlines jet at LaGuardia Airport in Queens, New York City on February 4, 2024. (Photo: Bruce Bennett/Getty Images) / Getty Images
The airline’s shares rose about 7% in the morning as investors reacted to Elliott’s investment, which was first reported by The Wall Street Journal.
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FOX Business has reached out to Southwest Airlines for comment.
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