Investment Management Pressures Southwest Airlines for Leadership Change

Activist investor acquires $1.9 billion stake, criticizes outdated technology and operations.

Southwest Airlines responds to Elliott's call for CEO removal, emphasizing current strategy.
Elliott Investment Management cites poor financial performance and outdated operations.
Southwest highlights recent technology upgrades and operational improvements.
The airline plans to discuss its strategy further at Investor Day in September.
Southwest's board supports current leadership, confident in long-term value creation.