Southwest shares tumble after airline overhauls board but keeps CEO
Southwest is replacing its board of directors and its chairman is due to step down next year, but it plans to keep Chief Executive Robert Jordan in his position in some concessions to hedge fund Elliott Investment Management, which had called on the airline to make reforms, including firing Jordan. Southwest Airlines said Tuesday that […]
Activist investor Elliott doubles down on Southwest proxy fight
Activist hedge fund Elliott Investment Management has stepped up its calls for management changes at Southwest Airlines in a letter to shareholders. Elliott, led by billionaire investor Paul Singer, has earned a reputation for its sometimes aggressive approach to turning around struggling companies. The company recently played a key role in the ousting of Starbucks […]
Gunmen kill 23 passengers taken from vehicles in an attack in southwest Pakistan
Gunmen identified and took 23 passengers from buses, vehicles and trucks and shot them dead in one of the deadliest attacks in Pakistan’s restive southwest, police and authorities said Monday. Senior police official Ayub Achakzai said the murder took place at night in Balochistan’s Musakhair district, and that the assailants set at least 10 vehicles […]
Activist investor Elliott pushes to grab control of Southwest Airlines board
Activist hedge fund Elliott Investment Management has launched a fight to take control of Southwest Airlines’ board of directors in an effort to oust the airline’s CEO and turn around the airline’s performance, the company said. Elliott is seeking to replace 10 of the 15 directors, intensifying a proxy fight over who should lead the […]
2K Chinese Migrants Encountered at Southwest Border in July
According to a Department of Homeland Security report reviewed by Breitbart Texas, 1,953 migrants from China were apprehended at the Southwest border during July, bringing the total number of Chinese nationals apprehended at the border this year to 35,300. According to an unofficial report provided by a Customs and Border Protection source, the number of […]
California nurse Brianna Solari kicked off Southwest Airlines flight over medical condition
A disgraced California nurse claims she was removed from a Southwest Airlines flight while trying to return home after surgery and was discriminated against because of her skin condition. Briana Solari was confronted by an airline crew member as she departed from Hollywood Burbank Airport on Thursday after undergoing surgery to shrink a tumor caused […]
Spirit Airlines soars after premium seating plan reveal, joining Southwest
Spirit Airlines on Tuesday announced plans to capture growing demand for premium travel as it pursues higher-margin revenue to ease cost pressures and boost profits. The Florida-based ultra-low-cost airline offers European-style Business Class seating with guaranteed middle seats. Seat options include one carry-on bag, one checked bag, priority boarding, snacks and non-alcoholic beverages. The airline […]
Southwest passenger, Nancy Allen, describes flying 150 feet over Old Tampa Bay
A Southwest Airlines passenger said he thought he was about to die after seeing his plane come dangerously close to the waters of Old Tampa Bay, a few miles from the airport. Nancy Allen was aboard Southwest Airlines Flight 425 from Columbus, Ohio to Tampa, Florida on July 14 when the plane descended to less […]
Southwest Airlines Announces the End of Open Seating
Southwest Airlines is making a major change to its business model by eliminating open seating. The Texas-based airline, known for its open-seating format for more than 50 years, has announced it will redesign its boarding model. statement Thursday. “After listening carefully to our customers and conducting extensive research, Southwest has decided to offer assigned seats […]
When will Southwest Airlines start assigning seats?
Southwest Airlines is abandoning its unique “open seat” system next year in favor of reserved-seat tickets and new premium upgrades as part of a “cabin monetization project” that the low-cost carrier hopes will help stabilize its shaky finances. The company is expected to reveal more details about its plans, including price changes and the planned […]