Activist investor Elliott calls for Southwest Airlines leadership, board changes

June 10 (Reuters) – Elliott Investment Management called for leadership and board changes at Southwest Airlines (LUV.N), opens new tab after reporting a stake worth about $1.9 billion in the U.S. carrier, saying the company needs fresh perspectives to compete in the modern airline industry.

Dallas-based Southwest’s shares were up 7% at $29.71 after the activist investment management firm disclosed an 11% stake in the company, making it one of the largest investors.