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☆ Extra legroom, assigned seats, overnight flights: Inside Southwest Airlines' plan for its future
▼ + stars: | 2024-09-26 | by ( Leslie Josephs | ) www.nbcnews.com time to read: +6 min

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

☆ Southwest Airlines raises summer revenue forecast, authorizes $2.5 billion in share buyback
▼ + stars: | 2024-09-26 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

DALLAS — Southwest Airlines raised its third-quarter revenue forecast on Thursday, announced its board authorized $2.5 billion in share buybacks and detailed a host of changes to its business model as it seeks to fend off activist Elliott Investment Management. Southwest executives are presenting their vision for the company's future at the airline's Dallas headquarters on Thursday in an investor day presentation. Southwest executives will try to convince investors that it is on the right track to boost profits and increase revenue. A day earlier, Southwest told staff it will slash its service in Atlanta next year and could cut more than 300 flight attendants and pilots from the city in an effort to reduce costs. Elliott later told Southwest mechanics' union that it still wanted a leadership change at the top of the carrier.

Persons: Bob Fornaro, Fornaro, Bob Jordan, Elliott, Gary Kelly, didn't, — CNBC's Rohan Goswami Organizations: DALLAS, Airlines, Elliott Investment Management, Spirit Airlines, Southwest, AirTran, Dallas Locations: Atlanta

A Southwest Airlines plane takes off from Hollywood Burbank Airport above other Southwest planes on July 25, 2024 in Burbank, California. Southwest Airlines said Tuesday that executive chairman and former CEO Gary Kelly will retire next year and announced a board shakeup, moves that come as the carrier faces pressure for changes by activist investor Elliott Investment Management. Elliott in June revealed a nearly $2 billion stake in Southwest, seeking to oust leadership, including CEO Bob Jordan, who has also spent nearly four decades at the carrier. Southwest has also brought in outside experts, including Bob Fornaro, former CEO of Spirit Airlines and AirTran, which Southwest acquired. Southwest has an investor day scheduled for Sept. 26 in Dallas to expand on these and other initiatives.

Persons: Gary Kelly, Kelly, Herb Kelleher, Elliott, Bob Jordan, Bob Fornaro Organizations: Southwest Airlines, Elliott Investment Management, Southwest, Dallas, Texas, Spirit Airlines, Boeing, U.S Locations: Hollywood, Burbank , California, Southwest, Dallas

☆ New York Democrats are worried about Tuesday’s special election. They have good reason to be
▼ + stars: | 2024-02-11 | by ( Gregory Krieg | Veronica Stracqualursi | ) edition.cnn.com time to read: +16 min

But as the special election to succeed the disgraced former congressman has made painfully clear to Democrats, Santos’ victory was not a fluke or anomaly. (Less so 40 years ago, when Republicans ran roughshod here and Ronald Reagan alluded to Nassau County as a Republican’s idea of heaven.) Nassau County in 2024 is sharply divided and – in a word – angry. The year before, Democrat Laura Curran, the top official in Nassau County, was ousted by Republican Bruce Blakeman. But more liberal New York Democrats often point to the current problems as Cuomo’s legacy.

Persons: Republican George Santos ’, Santos ’, –, Tom Suozzi, Ronald Reagan, Joe Biden’s, Donald Trump, ”, Alyssa Cass, “ George Santos, Chuck Schumer, Laura Curran, Republican Bruce Blakeman, Santos, Hakeem Jeffries, “ Hakeem, “, he’s, Jay Jacobs, Jeffries, it’s, ” Jacobs, ” Curran, there’s, ” It’s, Curran, Suozzi, doesn’t, Andrew Cuomo, Jacobs, Cuomo, Kathy Hochul, ’, Mazi Pilip, Peter King, Adam Gray, Tom, Larry Levy, ” Levy, I’m, Joe Cairo, Mazi, it’s …, Mike Florio, Pilip, mailers –, Biden, Greg Abbott, George Santos ’, ” Suozzi, Trump, Alexandria Ocasio, Ilhan Omar, Ayanna Pressley, Rashida, unvetted ”, Roe, Wade, Court’s Dobbs, we’re, it’ll, Jim Fornaro, aren’t, ” Fornaro, “ I’m, bummed, “ Suozzi, Nestor Oginar, Suozzi canvassers Rachel Klein, Stephanie Visconti, ” Klein, ” Visconti, Stephanie Visconti's Organizations: New York CNN, Democrats, Republican, Congressional, Republicans, Democratic, Biden, Trump, GOP, New York Democrats, Democrat, Nassau County Democratic, CNN, Grassroots, New York City Hall, New York Rep, Bloomberg, Getty, National Center for Suburban Studies, Hofstra University, Nassau County Democrats, Democratic Party, Nassau County GOP, New York Post, Long Islanders Builders Institute, Psychiatric, Republican Gov, ICE, George Santos ’ volleyball, Senate, Suozzi, Long, Engage Locations: Plainview, New York, Long, Nassau County, Glen Cove, American, “, Long Island, ”, York, Nassau, Massapequa , New York, Suozzi, Israel, ” Cairo, Pilip, it’s … Montgomery, Bucks, Pennsylvania, Oakland County , Michigan, America’s, New York City, York City, Queens, Texas, Cortez, Macedonian, North Carolina, New Hyde

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