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Bob Jordan

Southwest Airlines director buys $100 million worth of stock to fight activist Elliott

In this story Southwest Airlines (LUV) just got a lot of support for its turnaround plan – from within. Reuters reports that board member Rakesh Gangwal, the founder of Indian budget airline Indigo, bought a block of shares in the…

Southwest Airlines activist investor pushes for special meeting of shareholders

Southwest Airlines is being pursued by an activist investor who, among other things, is demanding a new CEO. (Photo by Kevin Dietsch) Getty Images SSince June, when billionaire activist investor Paul Singer’s hedge fund first announced it had acquired a…

Elliott increases stake in Southwest Air and pushes forward restructuring plans

(Bloomberg) — Elliott Investment Management increased its stake in Southwest Airlines Co. to 9.7 percent, nearing the amount needed to call a special shareholder meeting at which the activist hopes to replace most of the airline’s board. Most read by…