We’re now ushering in a new era at Southwest, moving swiftly and deliberately to transform the company, Bob Jordan, the airline's chief executive, said in a statement.
Elliott has said the airline is underperforming and has placed blame on Mr. Jordan, who has worked at the airline for decades.
To do that, Elliott says, the airline needs new board members and a new chief executive.
The hedge fund plans to call for a shareholder meeting as soon as next week to vote on candidates it has proposed for the airline's board.
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