BA Mar 2025 260.000 put
- Barrons.com
Southwest Airlines Gets an Activist. Why Elliott Can Only Help Fix Half Its Problems.
Elliott Investment Management has built a stake worth nearly $2 billion in Southwest, making it one of the airline’s largest shareholders.
- Zacks
Northrop (NOC) Wins $119M Contract to Aid E-2 Hawkeye Jet Program
Northrop (NOC) is set to provide long-term, requirements contract for the repair of 17 weapon replaceable assemblies and shop replaceable assemblies to support the E-2 Hawkeye jets.
- Reuters
Elliott calls for leadership, board changes at Southwest Airlines after building $1.9 billion stake
(Reuters) -Elliott Investment Management called for leadership and board changes at Southwest Airlines after reporting a stake worth about $1.9 billion in the U.S. carrier, saying the company needs fresh perspectives to compete in the modern airline industry. Dallas-based Southwest's shares were up more than 9% in midday trading at $30.34 after the activist investment management firm disclosed an 11% stake in the company, making it one of the largest investors. Elliott criticized the company's leadership for "disappointing" financial performance at a time when the airline industry is experiencing strong demand for travel.
