A Southwest Airlines plane takes off from Hollywood Burbank Airport above other Southwest planes on July 25, 2024 in Burbank, California.Southwest Airlines chairman and former CEO Gary Kelly said Tuesday that he will step down next year, a move that comes as the carrier faces pressure for changes by activist investor Elliott Investment Management.Kelly, who has worked at Southwest for nearly four decades, announced he would step down hours after a meeting with Elliott, which has been calling for leadership ...

Six Directors to Retire in November; Gary Kelly to Retire Immediately After 2025 Annual Meeting Board Intends to Appoint Four New Independent Directors, Potentially Including Candidates Proposed by Elliott Investment Management L.P., in Near TermBoard Eliminates Executive Committee Structure and Creates New Finance Committee; New Committee Chairs and Lead Independent Director to be NamedBoard Reiterates Support for Bob Jordan as CEOSouthwest Airlines Intends to Continue Engagement Toward a Collaborative Res ...

DALLAS, Sept. 9, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) and the International Brotherhood of Teamsters (IBT) Local 19, which represents the airline's Flight Simulator Technicians, have reached a Tentative Agreement for a new collective bargaining agreement."Our Flight Simulator Technicians help keep our flight training facility operating nearly 24 hours a day and play a pivotal role in Southwest's mission to support a safe and reliable operation," said Adam Carlisle, Vice President Labor Re ...

Activist investor Elliott Investment Management has continued pushing for a "comprehensive" review of Southwest Airlines' business while building its stake in the carrier. Elliott now holds 10% of the airline’s common stock, a Tuesday filing with the Securities and Exchange Commission (SEC) showed, allowing it to call a special meeting with Southwest.The investment firm has also advocated for numerous changes at Southwest that it has argued will improve the carrier’s financial performance. As part of Elliot ...

Boarding1Now Elliott Investment Management has pushed Southwest Airlines Co. (NYSE:LUV) to make corporate changes to drive improved shareholder returns. The airline struggled in the last decade as legacy airlines have improved operations and the business became stale. My investment thesis remains Bullish on the stock due to the cheap valuation, but the activist investor has simpler paths to solid returns in the sector. Source: Finviz Special Meeting According to Reuters, Elliott now owns 11% of the outstand ...

The Dallas-based low-cost carrier, Southwest Airlines (LUV) , performed very well during the summer season, making most of the upbeat air travel demand scenario. LUV operated more than 414,000 flights during the period (May 24-Sept. 2, 2024), carrying a record 54 million passengers. Reflecting the highly impressive on-time performance, the completion factor (percentage of scheduled flights completed without cancellation or diversion) during summer was 99.3% compared with 97.3% a year ago.On Labor Day, there ...

文章核心观点 - 西南航空公司在劳动节期间实现了100%的航班完成率,突出了公司在旺季期间可靠的运营表现[1] - 公司在整个夏季旅行期间创纪录地运送了超过5400万名乘客,航班完成率达到99.3%,同比提高2个百分点[2] - 公司员工的奉献精神和公司独特的企业文化是其成功的关键因素,为股东带来了47年连续盈利[3] 公司概况 - 西南航空公司是世界上最受赞赏和获奖最多的航空公司之一,在11个国家的117个机场提供独特的价值和优质服务[3] - 公司自1971年起就致力于通过友好、可靠和低成本的航空旅行来民主化天空,目前是美国境内直飞航班量最大的航空公司[3] - 公司总部位于达拉斯,以重视员工的企业文化著称,在其历史上从未发生过强制性裁员[3] - 公司目前拥有超过74,000名全职员工,2023年共运送了1.37亿名乘客[3] 可持续发展目标 - 公司制定了到2050年实现净零碳排放的目标,并制定了近期目标和三大支柱战略来实现其环境目标[3]

文章核心观点 - 对冲基金Elliott Investment Management持有超过10%的Southwest Airlines股份,有权召开特别股东大会 [1][2] - Elliott批评Southwest公司管理层表现不佳,提名10名董事会成员 [2][3] - Southwest公司采取"毒丸"防御措施,拒绝Elliott的改革要求 [3] 公司概况 - Southwest Airlines是一家主要经营航空运输业务的公司 [1] - 公司股价年初至今基本持平,在周二有1.3%的涨幅 [3] 投资者行动 - Elliott Investment Management持有超过6100万股Southwest Airlines股票,占比超过10% [1] - Elliott批评Southwest公司管理层表现不佳,要求进行改革 [2][3] - Elliott计划与Southwest公司代表于9月9日进行会谈,希望获得董事会成员的支持 [3] - Southwest公司采取"毒丸"防御措施,拒绝Elliott的改革要求 [3]

文章核心观点 Proactive为全球投资受众提供商业和金融新闻内容，团队分布于世界主要金融和投资中心，专注中小盘市场，也关注蓝筹股等，还会报道多领域新闻，且采用技术辅助内容创作但内容由人工编辑和撰写 [1][2][3] 关于作者 - Emily Jarvie曾是澳大利亚社区媒体政治记者，后在加拿大报道新兴迷幻药领域商业、法律和科学发展，2022年加入Proactive，作品发表于多地报刊杂志 [1] 关于出版商 - Proactive金融新闻和在线广播团队为全球投资受众提供快速、易获取、有信息价值和可操作的商业和金融新闻内容，内容由经验丰富且合格的新闻记者独立制作 [1] 团队分布 - Proactive新闻团队分布于伦敦、纽约、多伦多、温哥华、悉尼和珀斯等世界主要金融和投资中心 [2] 关注领域 - 公司是中小盘市场专家，也关注蓝筹股公司、大宗商品和更广泛投资故事，内容吸引积极的个人投资者 [2] - 团队报道市场新闻和独特见解，涵盖生物技术和制药、采矿和自然资源、电池金属、石油和天然气、加密货币以及新兴数字和电动汽车技术等领域 [2] 技术应用 - Proactive积极采用技术，人类内容创作者经验丰富，团队使用技术辅助和优化工作流程 [2] - Proactive偶尔使用自动化和软件工具包括生成式AI，但所有发布内容由人工编辑和撰写，符合内容制作和搜索引擎优化最佳实践 [3]

文章核心观点 - 西南航空股价近期表现不佳，虽有反弹但仍有较大跌幅，虽有积极因素但受诸多不利因素影响，不建议此时买入，投资者应密切关注公司发展以寻找合适切入点，持有股票者可继续持有 [1][3][10] 股价表现 - 过去180天西南航空股价两位数下跌，表现逊于行业和标普500指数，也不及联合航空和阿拉斯加航空集团 [1] - 目前股价28.74美元，较2023年11月1日的52周低点反弹31.17%，但较2024年2月22日的52周高点仍有18.30%的折扣，过去五年股价暴跌45.1% [3] 收益管理问题 - 2024年第二季度虽盈利和营收超预期，但盈利同比下降，因管理需求和负载因子表现不佳，提前预订过多夏季高峰座位 [4] - 2024年第二季度每可用座位英里收入（RASM）下降3.8%至15.90美分，预计第三季度与去年同期持平或下降2% [4] - 公司计划聘请首席收入官来处理收益管理和定价问题 [5] 成本上升问题 - 2024年上半年运营费用增长11.8%，主要因劳动力成本和燃油费用增加，工资、福利支出增长12.8%，每可用座位英里综合运营成本（不包括燃油和特殊项目）同比增长5.5%至11.86美分 [6] - 2024年第三季度，不包括燃油、石油、利润分享费用和特殊项目的每可用座位英里成本（CASM）预计较2023年同期增长11 - 13%，2024年预计较2023年增长7 - 8% [6] - 主要产油国减产和地缘政治紧张推高燃油成本，2024年第二季度每加仑经济燃油成本增长6.2%至2.76美元，2024年预计在2.70 - 2.80美元之间 [7] 积极因素 - 航空旅行需求强劲，休闲和商务旅行均有增长，推动公司2024年上半年营收增长7.4%，主要因客运收入增长7.9% [8] - 为满足需求，公司计划提升运力，2024年第三季度预计较2023年同期增长2%，2024年预计较2023年提高4% [8] - 从估值角度看，公司基于未来12个月的市销率低于行业水平，也低于过去五年的中位数，价值评分为B [8]