A tourist takes a photo as the Acropolis’ Propylaea are seen in the background, in Athens, Greece, on June 28, 2024. Elias Marcou | Reuters Flights between the U.S. and Europe have not been this cheap in three years, when many countries were just lifting Covid-19 era rules. Fares are low even for the traditionally … Read more
Southwest Airlines‘ third-quarter profit fell from a year ago but topped Wall Street estimates as the carrier worked to drum up revenue and fend off activist investor Elliott Investment Management. Elliott and Southwest struck a deal, announced Thursday, that averts a proxy fight and adds six of the activist’s candidates to the board. CEO Bob … Read more
A United Airlines Boeing 737-MAX 8 aircraft departs at San Diego International Airport en route to New York on Aug. 24, 2024. Kevin Carter | Getty Images United Airlines said Tuesday that it is starting a $1.5 billion share buyback as the carrier reported higher-than-expected earnings for the busy summer travel season and forecast strong … Read more
Reiterates Efforts to Reach Constructive Resolution with Elliott Outlines Actionable Steps Taken to Position Southwest for the Future Shareholders Not Required to Take Immediate Action DALLAS, Oct. 14, 2024 /PRNewswire/ — Southwest Airlines Co. (NYSE: LUV) (“Southwest” or the “Company”) today confirmed that Elliott Investment Management L.P. (“Elliott”) requested a Special Meeting of Shareholders to … Read more
Boeing 737s on the ground in Renton, Washington. Leslie Josephs | CNBC Boeing delivered 33 airplanes in September, six more than during the same period a year earlier, as the company and its customers keep an eye on the impact of a machinist strike, now in its fourth week. Through September, Boeing has handed over … Read more
A message board at the Tampa International Airport shows all American Airlines departing flight canceled Tuesday, Oct. 8, 2024, in Tampa, Fla., due to the possible arrival of Hurricane Milton. Chris O’Meara | AP Airlines canceled hundreds of flights, theme parks prepared to close and cruise lines shifted routes as Floridians braced for Hurricane Milton’s … Read more
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Sheila Kahyaoglu, Jefferies aerospace and defense analyst, joins CNBC’s ‘Money Movers’ to discuss Southwest’s investor day, the carrier’s updated plans and guidance, and more. Read original article here Denial of responsibility! Pioneer Newz is an automatic aggregator of the all world’s media. … Read more
DALLAS — Southwest Airlines raised its third-quarter revenue forecast on Thursday, announced its board authorized $2.5 billion in share buybacks and detailed a host of changes to its business model as it seeks to fend off activist Elliott Investment Management. The airline said it expects unit revenue to rise as much as 3% in the … Read more
A Southwest Airlines plane takes off from Hartsfield-Jackson Atlanta International Airport (ATL) in Atlanta, Georgia, US, on Friday, July 12, 2024. Elijah Nouvelage | Bloomberg | Getty Images Southwest Airlines is planning to reduce service to and from Atlanta next year, cutting more than 300 pilot and flight attendant positions, according to a company memo … Read more
DALLAS, Sept. 24, 2024 /PRNewswire/ — – Southwest Airlines Co. (NYSE: LUV) (the “Company”) today issued a response to Elliott Investment Management L.P.’s (“Elliott”) recent Shareholder letter and provided an update on its engagement with Elliott ahead of the Company’s long-planned Investor Day set for Thursday, September 26: Elliott Engagement Update Southwest has made every … Read more
