Elliott Investment Management kicks off a hostile takeover bid against Southwest Airlines....

[The Tradition]

Damn, a website and everything...

Stronger Southwest | Delivering a Stronger Southwest Airlines for Employees, Customers and Shareholders

The Stronger Southwest plan implements necessary steps to improve performance for the benefit of customers, employees and shareholders.

strongersouthwest.com

 

[The Tradition]

https://www.wsj.com/finance/elliott-takes-big-stake-in-southwest-airlines-bce80796?st=zljmuf74x59whhz&reflink=desktopwebshare_permalink

 

[The Tradition]

As I understand this proposal, they want to kick out all the leadership, "reform" the board of directors, and basically take away everything that makes Southwest different from all the other airlines.

I've seen this movie before. The airline will be bankrupt within five years.

 

[The Tradition]

I really don't understand how Elliot thinks they're going to win, here.

Profits are down, but Southwest has a strong balance sheet with plenty of cash.

They're still bringing up the "Christmas meltdown" that happened 18 months ago?

They only own 12% of shares?

Seriously?