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Southwest Airlines tells staff 'difficult decisions' ahead in push to boost profits - TL;DR CNBC

Southwest Airlines tells staff 'difficult decisions' ahead in push to boost profits

Publishing timestamp: 2024-09-23 14:10:29


Summary

Southwest Airlines' COO informed staff about upcoming "difficult decisions" to boost profits as the airline faces pressure from activist investor Elliott Investment Management. The company has already made changes such as assigned seating and selling seats with extra legroom. Southwest plans to release an updated schedule and provide more details about its initiatives at an investor day.


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Source: https://www.cnbc.com/2024/09/23/southwest-airlines-staff-memo-difficult-decisions.html


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