Elliott Investment Management on Monday said in a regulatory filing that it has a 7% beneficial ownership in Southwest Airlines , giving a breakdown of what it owns as it tries to overhaul management and improve financial performance.

DALLAS , July 31, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) Board of Directors declared a quarterly cash dividend of $.18 per share to Shareholders of record at the close of business on September 4, 2024, on all shares then issued and outstanding. The quarterly dividend will be paid on September 25, 2024.

Airlines stocks and the broader industry were rocked back on July 19 by the CrowdStrike (NASDAQ: CRWD ) outage that brought computer systems across the world to a grinding halt. For one, this outage underscored just how reliant the world's transportation systems are on a single company's cybersecurity systems.

Southwest Airlines' plan to eliminate open seating is one way for the company to raise much-needed revenue, but it comes with the risk of alienating loyal customers.

U.S. airlines are cutting their growth plans for the second half of the year. Over the last week, airlines shaved a point of capacity off their growth plans for the fourth quarter, according to Deutsche Bank.

Traveling has long been many people's favorite way to spend their leisure time. Whether going to popular tourist destinations with friends or visiting loved ones across the country, traveling is many people's favorite thing to look toward during a summer vacation.

The friction between Elliott Investment Management and the leadership of Southwest Airlines (LUV) intensified after the private equity firm blasted the airline's management for acting too late to initiate financial reforms.

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DALLAS , July 26, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) has new flights available for booking today as the carrier continues responding to Customer demand and preferences with additional service around popular events in Southwest® destinations, as well as redeye operations for the first time. Flexibility for Football After expanding our college football and professional football playbooks, Southwest Airlines®—the Official Airline of the Southeastern Conference—is kicking off additional round trip service for gridiron fans.

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Every airline has its devoted customers, and then there's Southwest.

The veteran carrier published its second-quarter results before the market open. Its revenue rose, and its adjusted net income fell during the period.