Elliott Investment Management has criticized Southwest Airlines for its 'stubborn unwillingness to evolve,' leading to disappointing results. Despite the criticism, Elliott has not provided concrete ideas for improvement in the airline industry, which is known for its volatility. However, Elliott's recent letter to Southwest in June 2024 suggests that, after 18 months of intensive research, they believe Southwest represents the most compelling airline turnaround opportunity in the last two decades.
The activist hedge fund Elliott sent today a letter to Southwest What is Elliott's thesis and how do they plan to turn around the business? A thread 🧵 https://t.co/Vvcv49Mipl
'After 18 months of intensive research, we are convinced that Southwest represents the most compelling airline turnaround opportunity in the last two decades.' - Elliott Capital Letter June 2024 https://t.co/N48EEeJj5A https://t.co/NLc3b1ugxl
Elliott Investment Management is long on criticism but short on ideas on how to improve an airline in an incredibly fickle industry, @tomwblack says https://t.co/kZKVnotcK1 via @opinion
Elliott Investment Management is long on criticism but short on ideas on how to improve an airline in an incredibly fickle industry, @tomwblack says https://t.co/TwQlRIEFyI
The investment firm says Southwest's “stubborn unwillingness to evolve” is causing deeply disappointing results. https://t.co/9B3JaQjODh