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Southwest Airlines was founded in 1966 by Herbert Kelleher and Rollin King, and incorporated as Air Southwest Co. in 1967.Three other airlines (Braniff, Trans-Texas Airways, and Continental Airlines) took legal action to try to prevent the company from its planned strategy of undercutting their prices by flying only within Texas and thus being exempt from regulation by the federal Civil ...
Lamar Muse was elected president and chief executive officer of the company in Jan. 1971. [3] Muse, a Texas native, was a veteran airline executive, having been employed at five different carriers since starting his industry career in 1948, including being the CEO of Central Airlines and CEO and president of Universal Airlines. [11]
Southwest Airlines began revenue flights on June 18, 1971, using three Boeing 737-200 aircraft, and operated the type exclusively during the airline's early history. These aircraft were not originally ordered by Southwest, but rather were delivery slots taken over from Air California, Aloha Airlines, and Pacific Southwest Airlines, [11] including a lone 737-200 Combi which was later traded ...
The company eventually got back to business as usual, until this year, when a barrage of attacks from another Elliott—this one an activist hedge fund—led to a high-profile reckoning and major ...
Shares of Southwest Airlines Co. fell 4% in morning trading Tuesday. Elliott, the fund led by billionaire investor Paul Singer, has built a 10% stake in recent weeks and advocated changes it says ...
Southwest Airlines on Tuesday announced changes to its board including the retirement of its chairman Gary Kelly, but reiterated its support for CEO Bob Jordan amid calls for a shakeup from ...
This is a list of airline holding companies, that either own more than one airline or are the parent company of a single airline.. A company or firm in which the holding company owns a significant portion of voting shares, usually 20–50% or a "minority of share ownership", is known as an associate company.
Southwest Airlines Company (NYSE:LUV) shares are trading higher in the premarket session on Thursday. In an exchange filing, the company said it has authorized a new $2.5 billion share repurchase ...