Elliott Management ousted much of the board at Southwest Airlines, with Gary Kelly announcing his retirement amid broader board turnover.
Our daily email brings you smart and engaging news and analysis on the biggest stories in business and finance. For free.
Elliot is calling on the company to replace CEO Bob Jordan, revise its board of directors, and conduct a comprehensive business review.
Southwest Airlines executives told Bloomberg that they’ve seen an increase in pilots who apply to the airline.
The data are conclusive – but don’t let it keep you from flying.
The Transportation Security Administration is expecting to screen 30 million passengers between this past Sunday and November 28.
In 2018, Boeing ran into extreme turbulence. In just five months, two 737 MAX crashed in Indonesia and Ethiopia, resulting in 346 deaths.
There were plenty of business losers in 2024, but only one for whom the sky was literally falling. In short: Boeing had a bad year.
Luxury brands were riding the subway instead of lounging in limos this year, though a couple of brands were able to buck the trend.
As the dealmaking environment improved in 2024 thanks to the bull market and interest-rate cuts, investment bankers reaped a windfall.