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Southwest Airlines: Elliott focuses on dividends
Management attacked, but American low-cost has one of the best balance sheets in the sector
The top management of the US airline Southwest was mocked by Elliott investment fund. The latter recently acquired an 11% stake in the low-cost air carrier, a stake worth two billion dollars. The entry into the company's capital was accompanied by brutal criticism of the current management.The Elliot fund, in fact, has declared that it wants to bring about a strong change in the management of the company...
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AVIONEWS - World Aeronautical Press Agency
AVIONEWS - World Aeronautical Press Agency