Leaders of Southwest Airlines are preparing a strategic overhaul to address consumer preferences and financial pressures, unveiling their plans at an investor meeting.
With profits shrinking, Southwest is considering abandoning its open seating policy, charging for premium seats, and introducing red-eye flights as part of its transformation.
Elliott Investment Management's significant stake and push for board changes underline the urgency for Southwest to adapt to shifting market dynamics and restore investor confidence.
The ongoing conflict between Southwest's leadership and Elliott Investment Management highlights the tension between corporate defense strategies and the demand for accountability and better performance.
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