Seeing Southwest as the “most compelling airline turnaround opportunity” in recent decades, its newest large shareholder wants a fresh perspective at the helm.
Some investors reportedly feel the presentation "shows a naïveté about the airline industry and lacks a realistic plan to drive the targeted margin expansion."
An activist fund that is now one of Southwest Airlines’ largest investors is pushing for new leadership at the Dallas-based carrier’s Board and C-suite level.
The FAA Reauthorization Act includes approval for five new daily roundtrips from Ronald Reagan Washington National Airport beyond the 1,250-mi. perimeter.
German seatmaker Recaro and U.S. LCC Southwest Airlines have unveiled a new seat that will be fitted in new-production aircraft joining the carrier’s fleet.
A provision within the 1,000-plus-page law will exempt 10 new slots from the 1,250 mi. perimeter rule applied to Ronald Reagan Washington National Airport (DCA)
While the four largest U.S. commercial carriers reported record-high operating revenues for the first quarter (Q1) of 2024, only Delta was spared a net loss.
Southwest's expected deliveries of Boeing 737-8s in 2024 have plummeted by 59 aircraft as it faces cost pressure from higher labor and maintenance expenses.
All U.S. Big Four airlines except Southwest are reducing emissions per ASK at a similar rate; Southwest displays low emissions, particularly moving into 2024.
