Airline

Elliott trims Southwest stake below 10%, cites confidence in airline profitability

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Elliott trims Southwest stake below 10%, cites confidence in airline profitability

Elliott Investment Management has trimmed its stake in Southwest Airlines, an SEC filing revealed. Southwest's prior activist investor has now cut its stake in the airline to 51.1 million shares, down to a 9.9% stake. This is below the 10% threshold that would allow for the investor to call for a s...

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