Southwest Airlines CEO says no plans to step down despite pressure from activist Elliott

Southwest Airlines CEO Bob Jordan said Wednesday he has no intention of stepping down despite pressure from activist Elliott Investment Management. Jordan, who has served as the carrier’s CEO since February 2022, made the comment on Wednesday while speaking with journalists after an event. Jordan has received harsh criticism from Elliott, which earlier this week urged Southwest to replace him and Executive Chairman Gary Kelly with new leaders from outside the company.

It also said Southwest should conduct a "comprehensive business review" and take other actions to improve the carrier’s financial performance. FOX Business reached out to Southwest for comment. The carrier earlier this week stood by its leadership, saying it was "confident in our CEO and the Leadership Team’s ability to fulfill our strategy to drive long-term value for all Shareholders, safely and reliably serve our Customers, create new and exciting career opportunities for our Employees and serve the interests of all stakeholders.

Source: News Formal (newsformal.com)

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