{"id":69575,"date":"2024-06-10T11:49:28","date_gmt":"2024-06-10T11:49:28","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/06\/10\/southwest-airlines-jumps-after-report-of-elliotts-2-billion-stake-times-of-india\/"},"modified":"2024-06-10T11:49:28","modified_gmt":"2024-06-10T11:49:28","slug":"southwest-airlines-jumps-after-report-of-elliotts-2-billion-stake-times-of-india","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/06\/10\/southwest-airlines-jumps-after-report-of-elliotts-2-billion-stake-times-of-india\/","title":{"rendered":"Southwest Airlines jumps after report of Elliott&#8217;s $2 billion stake &#8211; Times of India"},"content":{"rendered":"<div style=\"text-align:center\"><img loading=\"lazy\" decoding=\"async\" width=\"1280\" height=\"720\" src=\"https:\/\/i3.wp.com\/static.toiimg.com\/photo\/msid-110876321,imgsize-1236104.cms?resize=1280,720&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Southwest Airlines jumps after report of Elliott&#8217;s  billion stake &#8211; Times of India\" title=\"Southwest Airlines jumps after report of Elliott&#8217;s  billion stake &#8211; Times of India\" \/><\/div>\n<div>Southwest Airlines<!-- -->&#8216; <!-- -->shares<!-- --> rose about 7% in premarket trade on Monday after the <!-- -->Wall Street Journal<!-- --> reported that activist investor <!-- -->Elliott Investment Management<!-- --> had built a nearly $2 billion stake in the U.S. carrier.<br \/> According to the Journal&#8217;s report on Sunday, Elliott is one of Southwest&#8217;s largest investors and plans to push for changes aimed at reversing the airline&#8217;s underperformance.<br \/> Southwest and Elliott did not immediately respond to Reuters&#8217; request for comment.<br \/> Southwest, one of the largest U.S. airlines, has been grappling with higher costs and slower-than-expected revenue growth due to delays in 737 MAX aircraft deliveries from planemaker Boeing.<br \/> The carrier has said delivery delays have led to &#8220;significant challenges,&#8221; leaving it overstaffed and forcing it to temper its growth plans.<br \/> The Dallas-Texas-based company&#8217;s shares have fallen nearly 4% this year, compared with an about 12% rise in the S&amp;P 500 index.<br \/> &#8220;We are not surprised by the activist interest in Southwest given the very strong franchise with valuable tangible and intangible assets,&#8221; Raymond James analyst Savanthi Syth wrote in a note.<br \/> The Journal report noted that Elliott, one of the world&#8217;s most prominent investors, plans to engage with Southwest&#8217;s management team.<br \/> The <!-- -->activist investor<!-- --> is known for pushing for changes in companies to boost shareholder returns.<br \/> Southwest, however, is not alone in struggling with Boeing delays. Rival United Airlines also took a $200 million hit in the first quarter from the disruptions at Boeing.<br \/> Despite these challenges, the airline sector expects to do well over strong demand for summer travel.<br \/> Southwest shares trade about 19.52 times their forward profit estimates, compared with United&#8217;s 4.74 and above the industry multiple of 7.19.<\/div>\n<p><script>!(function(f, b, e, v, n, t, s) {\n    function loadFBEvents(isFBCampaignActive) {\n      if (!isFBCampaignActive) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        if (f.fbq) return;\n        n = f.fbq = function() {\n          n.callMethod ? n.callMethod(...arguments) : n.queue.push(arguments);\n        };\n        if (!f._fbq) f._fbq = n;\n        n.push = n;\n        n.loaded = !0;\n        n.version = '2.0';\n        n.queue = [];\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/connect.facebook.net\/en_US\/fbevents.js', n, t, s);\n      fbq('init', '593671331875494');\n      fbq('track', 'PageView');\n    };\n    function loadGtagEvents(isGoogleCampaignActive) {\n      if (!isGoogleCampaignActive) {\n        return;\n      }\n      var id = document.getElementById('toi-plus-google-campaign');\n      if (id) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        t.id = 'toi-plus-google-campaign';\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/www.googletagmanager.com\/gtag\/js?id=AW-877820074', n, t, s);\n    };\n    function loadSurvicateJs(allowedSurvicateSections = []){\n      const section =  window.location.pathname.split('\/')[1]\n      const isHomePageAllowed = window.location.pathname === '\/' && allowedSurvicateSections.includes('homepage')\n      if(allowedSurvicateSections.includes(section) || isHomePageAllowed){\n        (function(w) {\n          var s = document.createElement('script');\n          s.src=\"https:\/\/survey.survicate.com\/workspaces\/0be6ae9845d14a7c8ff08a7a00bd9b21\/web_surveys.js\";\n          s.async = true;\n          var e = document.getElementsByTagName('script')[0];\n          e.parentNode.insertBefore(s, e);\n        })(window);\n      }\n    }\n    window.TimesApps = window.TimesApps || {};\n    var TimesApps = window.TimesApps;\n    TimesApps.toiPlusEvents = function(config) {\n      var isConfigAvailable = \"toiplus_site_settings\" in f && \"isFBCampaignActive\" in f.toiplus_site_settings && \"isGoogleCampaignActive\" in f.toiplus_site_settings;\n      var isPrimeUser = window.isPrime;\n      if (isConfigAvailable && !isPrimeUser) {\n        loadGtagEvents(f.toiplus_site_settings.isGoogleCampaignActive);\n        loadFBEvents(f.toiplus_site_settings.isFBCampaignActive);\n        loadSurvicateJs(f.toiplus_site_settings.allowedSurvicateSections);\n      } else {\n        var JarvisUrl=\"https:\/\/jarvis.indiatimes.com\/v1\/feeds\/toi_plus\/site_settings\/643526e21443833f0c454615?db_env=published\";\n        window.getFromClient(JarvisUrl, function(config){\n          if (config) {\n            loadGtagEvents(config?.isGoogleCampaignActive);\n            loadFBEvents(config?.isFBCampaignActive);\n            loadSurvicateJs(config?.allowedSurvicateSections);\n          }\n        })\n      }\n    };\n  })(\n    window,\n    document,\n    'script',\n  );<\/script><br \/>\n<br \/><br \/>\n<br \/><a href=\"https:\/\/timesofindia.indiatimes.com\/business\/international-business\/southwest-airlines-jumps-after-report-of-elliotts-2-billion-stake\/articleshow\/110875887.cms\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Southwest Airlines&#8216; shares rose about 7% in premarket trade on Monday after the Wall Street Journal reported that activist investor Elliott Investment Management had built a nearly $2 billion stake in the U.S. carrier. According to the Journal&#8217;s report on Sunday, Elliott is one of Southwest&#8217;s largest investors and plans to push for changes aimed [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":69576,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/static.toiimg.com\/photo\/msid-110876321,imgsize-1236104.cms","fifu_image_alt":"","footnotes":""},"categories":[604],"tags":[64915,2245,1289,14803,64916,273,2899,61,1253,26943,64914,2341,272,2018],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/69575"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=69575"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/69575\/revisions"}],"predecessor-version":[{"id":69577,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/69575\/revisions\/69577"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/69576"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=69575"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=69575"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=69575"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}