Southwest CFO to Exit in Latest Shakeup After Activist Fight
Southwest Airlines Co.’s top finance executive plans to step down after more than 33 years with the carrier, extending a leadership overhaul in the wake of an activist campaign by shareholder Elliott Investment Management.
Southwest Airlines Just Did One of the Worst Things Any Company Can Do
A ramp agent directs a Southwest Airlines Boeing 737-800 airplane in to a gate at Baltimore-Washington Airport. Photo: Getty Images
Southwest Airlines is pressing pause on hiring and staff rallies to cut costs
Southwest Airlines is cutting costs. It's pausing corporate hiring, summer internships, and a team-building tradition. The move comes after a dispute with the activist firm Elliott Investment Management. Southwest Airlines is pausing corporate hiring to cut costs, a company spokesperson confirmed to Business Insider.
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Southwest Pauses Corporate Hiring, Most Summer Internships to Cut Costs
Following a bitter battle with an activist investor, Southwest is pausing corporate hiring and most summer internships to cut costs and improve margins.
Gateway Investment Advisers LLC Cuts Position in Southwest Airlines Co. (NYSE:LUV)
Gateway Investment Advisers LLC lowered its position in Southwest Airlines Co. (NYSE:LUV – Free Report) by 45.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission.
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Southwest CFO Romo to retire in continuation of management shake-up
Tammy Romo will leave the company on 1 April, a move coming as the Dallas-based airline progresses with revamping its business following several years of lagging profits.
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BofA Securities Issues Underperform Rating for Southwest Airlines Co (LUV) Stock
On Friday, Southwest Airlines Co (LUV) stock saw a decline, ending the day at $32.1 which represents a decrease of $-0.06 or -0.19% from the prior close of $32.16. The stock opened at $32 and touched a low of $31.86 during the day, reaching a high of $32.33. The volume of shares traded was 10.28 million exceeding the average volume of 6.96 million.
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Southwest puts a freeze on corporate hiring and employee rallies
CEO Bob Jordan said, "Every single dollar matters as we continue to fight to return to excellent financial performance."
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Southwest pauses some hiring and summer internships as the airline looks to reduce costs
Southwest Airlines says it's not filling some jobs and summer internships this year as the company looks to lower costs.
Southwest Airlines hits pause on corporate hiring, promotions and summer internships to cut costs
Southwest Airlines is hitting pause on corporate hiring, promotions and summer internships to cut costs after months of pressure from an activist investor.
DOT sues Southwest Airlines over 2 ‘chronically delayed’ flight routes
The Department of Transportation is suing Southwest Airlines, accusing it of operating two “chronically delayed flights” in 2022 that resulted in 180 flight disruptions.
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Southwest pauses some hiring and summer internships as the airline looks to reduce costs
Southwest Airlines said Tuesday that it would ... in a partial concession to hedge fund Elliott Investment Management, which has been pushing for changes at the airline. Elliott, the fund led ...