DALLAS — Southwest Airlines executives on Thursday outlined for Wall Street their vision to boost profits: extra legroom seats starting in 2026, assigned seating, international partnerships and overnight flights.
Southwest’s new plan comes as its leaders seeks to fend off activist Elliott Investment Management, which has called for leadership changes.
He had served as CEO of AirTran, the airline Southwest combined with in 2011, and was a consultant to Southwest after the merger.
Southwest has supported Jordan despite calls for his replacement by Elliott, which didn’t immediately respond to the airline’s plan it laid out on Thursday.
He called Southwest’s plan intentional and detailed.
Persons:
”, Ryan Green, “, Bob Fornaro, Fornaro, Bob Jordan, Jordan, Elliott, didn’t, ” Jordan, “ We’ve, — CNBC’s Rohan Goswami
Organizations:
DALLAS, Southwest Airlines, Wall, Elliott Investment Management, Federal Aviation Administration, Southwest, Spirit Airlines, AirTran, Boeing
Locations:
Southwest, Atlanta, Dallas, Hawaii