From CNBC: 2024-09-26 07:42:09

Southwest Airlines raised its third-quarter revenue forecast, announced $2.5 billion in share buybacks, and made changes to its business model to fend off activist Elliott Investment Management. They expect unit revenue to rise up to 3% in Q3, adding industry veteran Bob Fornaro to the board. Pressure from Elliott pushes for leadership change. Southwest presents their vision for the future at an investor day presentation. They aim to boost profits and revenue with dramatic changes to their business model.



Read more at CNBC: Southwest raises Q3 forecast, announces $2.5 billion buyback