Southwest Airlines CEO Robert Jordan managed to survive the shakeup, but faces pressure to improve the company’s financial ...

American Airlines posted a loss of third-quarter loss of $149 million Thursday, weighed down by paying bonuses to flight ...

After weathering recent turbulence, Southwest Airlines (LUV) reported $67 million in third-quarter net income Thursday on ...

The airline will appoint six new directors to its board, avoiding a proxy fight with the activist investor Elliott Investment ...

Southwest Airlines struck a truce with Elliott Investment Management, giving the activist a significant presence on its board ...

Chairman Gary Kelly and six current board members will depart Nov. 1 and be replaced by five Elliott-backed candidates and a ...

Kelly's retirement and Southwest's appointment of six new board members follow mounting pressure from hedge fund Elliot ...

Southwest Airlines reached a settlement with an activist investor by agreeing to overhaul its board, ending — at least for ...

The agreement came as the carrier reported a surprise third-quarter profit, benefiting from improved pricing and demand, as ...

Southwest said Chairman Gary Kelly and six current board members will depart Nov. 1, to be replaced by candidates backed by ...

Southwest Airlines' third-quarter revenue rose to a record high but profit fell nearly two-thirds, to $67 million, on higher costs for labor and other expenses.