• LUV

Elliott, Southwest Airlines near deal to avert board battle, Bloomberg News reports

Elliott Investment Management is nearing a settlement with Southwest Airlines to avoid a proxy battle, potentially gaining several board seats while CEO Bob Jordan's future remains uncertain.

• LUV

Elliott, Southwest Airlines to begin settlement discussions, Bloomberg News reports

Elliott Investment Management and Southwest Airlines are discussing a potential board settlement to avoid a proxy fight, focusing on director replacements and strategic improvements.

• BA
• LUV

NTSB says two planes cleared to use same runway in aborted takeoff probe

Air traffic controllers mistakenly allowed two planes to use the same runway, prompting Alaska Airlines to abort takeoff and prevent a potential collision.

• BA
• LUV

Boeing delivers 33 jets in September as strike weighs on output

Boeing delivered 33 jets in September, down from August's 40, impacted by a strike. September saw 65 gross orders, with total 2024 orders at 272 aircraft.

• LUV

Southwest new director Gangwal buys $100M stock, urges no more leadership shifts

• LUV

Southwest director buys 3.6 million shares, opposes more leadership changes

Rakesh Gangwal, Southwest Airlines Director, invests over $100 million in stock, advises against further leadership changes amid pressure from activist investors.

• LEVI
• LUV

After-hours movers: Levi, Southwest Airlines, and more

Levi's stock dropped 8% after disappointing revenue results, while Southwest Airlines rose 2% after insider buying, and Joby Aviation gained 1.5% following a significant investment from Toyota.

• AAL
• DAL
• LUV

US airlines cancel over 1,000 flights due to hurricane Helene

Hurricane Helene causes significant flight cancellations and delays in the U.S., with over 1,200 flights canceled as airports warn travelers of potential disruptions.

• LUV

Southwest Airlines lifts Q3 revenue outlook, authorizes $2.5 bn share buyback plan

• LUV

Southwest Airlines raises third-quarter revenue forecast

Southwest Airlines increased its third-quarter RASM forecast, expecting a rise of 2% to 3%, up from a previous estimate of flat to down 2%.