All Southwest Airlines articles – Page 2
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NewsSouthwest executes sale-leaseback deal involving dozens of older 737s
Southwest Airlines has entered a sale-leaseback transaction involving 36 of its Boeing 737-800s with US lessor Babcock & Brown Aircraft Management.
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NewsSouthwest’s fourth-quarter fortunes looking up as ‘tactical’ changes start paying off
Southwest Airlines is the latest US carrier to raise fourth-quarter financial expectations thanks in part to the early returns of a sweeping plan to overhaul its business model.
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NewsInternational travel surges through holidays as US airlines kick off winter season
Upcoming holiday air travel is likely to break records in the USA as major airlines prepare for the operationally challenging winter season.
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NewsSouthwest appoints Rakesh Gangwal as board chair
Southwest Airlines on 4 November disclosed the appointment of Rakesh Gangwal as independent chair of the company’s board of directors, filling the role left vacant by former executive chairman Gary Kelly.
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NewsSouthwest’s board overhaul continues with six new directors and Gary Kelly’s ‘accelerated’ retirement
In a settlement with minority stakeholder Elliott Investment Management, Southwest Airlines is appointing six new directors to its board and accelerating the retirement of executive chairman Gary Kelly.
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NewsUS carriers jostle for highly sought long-distance slots out of Reagan airport
The US Department of Transportation (DOT) has tentatively awarded 10 hotly contested slots for long-distance domestic flights out of Ronald Reagan National airport in Washington, DC.
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NewsSouthwest calls Elliott’s request for shareholder meeting ‘unnecessary and inappropriate’
The war of words between Southwest Airlines and its minority shareholder Elliott Investment Management continues as the airline refutes Elliott’s request to hold a special shareholder meeting later this year.
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NewsElliott formally requests Southwest Airlines special shareholder meeting
Southwest Airlines’ minority investor Elliott Investment Management has requested a special shareholder meting to be held in early December, in its fight to oust chief executive Bob Jordan and much of the company’s board of directors.
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NewsSouthwest to explore selling old and new 737s to create cash flow
Southwest is considering selling some of its older Boeing 737-800s and newer 737 Max jets, in addition to executing aircraft sale-leaseback deals, to boost its weakened financial position.
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NewsElliott’s criticism of Southwest’s overhaul plan ‘inane’: CEO Bob Jordan
Southwest Airlines chief executive Bob Jordan blasted minority shareholder Elliott Investment Management’s latest criticisms as “inane” during Southwest’s 26 September investor day in Dallas.
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NewsSouthwest’s feud with Elliot heats up ahead of investor day
Southwest Airlines’ increasingly acrimonious public feud with minority shareholder Elliot Investment Management has heated up a notch just days before the carrier is scheduled to update investors on its strategy.
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NewsGary Kelly and six of Southwest’s board members to resign at Elliott’s behest
Pressure from Elliott Investment Management has forced change at Southwest Airlines, which is now planning a major overhaul of the company’s board of directors.
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NewsSouthwest seeks fresh revenue direction with Tim Lyon as new pricing vice-president
Needing to shake up what critics say is a stagnant revenue model, Southwest has created a new role to shape its pricing strategy.
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In depthAircraft shortages push US carriers to pause pilot-hiring spree
A pilot shortage that had gripped the US regional airline industry is finally easing, at least temporarily, due to aircraft production and maintenance issues that have left much larger US airlines with fewer-than-anticipated jets.
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NewsStrong airline experience among Elliott’s picks as Southwest board replacements
Activist shareholder Elliott Investment Management has put forward 10 candidates – including former airline chiefs David Cush and Gregg Saretsky – to replace Southwest Airlines’ board, which it sees as “profoundly out of touch” with investors following a series of blunders earlier this year.
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NewsSouthwest to end 50 years of ‘open’ seating as it overhauls product
Southwest Airlines will end its signature “open” seating model and offer premium seating options as it seeks new revenue sources to address concerns around the business’s performance.
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NewsSouthwest pilots missed vital NOTAM before early-morning closed-runway take-off
US investigators have disclosed that a runway-closure notice for Maine’s Portland Jetport was missed by pilots of a Southwest Airlines Boeing 737-700 before the aircraft departed the closed runway 29. Although the crew had seen a NOTAM listing the closure at weekends, the captain “incorrectly assumed” that the same NOTAM ...
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NewsSouthwest Airlines and Archer team up to plan California air taxi networks
Southwest Airlines and Archer Aviation have signed a memorandum of understanding to create air taxi networks in and around cities in California served by the carrier.
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NewsSouthwest adds Rakesh Gangwal as board director in face of leadership criticism
Facing investor criticism for having a too-insular board of directors, Southwest Airlines has added longtime airline executive Rakesh Gangwal to the group it believes will guide it back to “enduring profitability”.
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NewsSouthwest board adopts rights plan to counter activist investors
Southwest Airlines’ board of directors has adopted a rights plan aimed at fending off activist shareholders gaining control of the company.