Southwest Airlines executives to meet with hedge fund seeking major changes

Southwest Airlines executives are scheduled to meet Monday with representatives from Elliott Investment Management, a hedge fund that recently acquired a 10% stake in the airline.

KRLD business analyst David Johnson said the 10% stake allows Elliott Investment Management to call a meeting. The firm has expressed concerns that Southwest Airlines is not keeping pace with industry trends and has called for the replacement of several members of the airline's board of directors.

The outcome of Monday's meeting could have major implications for the future direction of Southwest Airlines.

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