00:00It's Benzinga, and here's what's on the block.
00:02Southwest Airlines warned employees of upcoming difficult decisions to boost profits amid
00:07pressure from activist investor Elliott Investment Management.
00:11The airline recently introduced several revenue-boosting measures, including shifting from open seating
00:16to assigned seats, offering more legroom for higher fares, and adding red-eye flights.
00:21Elliott has pushed for leadership changes at Southwest, criticizing management's efforts
00:25to improve profitability.
00:27Executive Chairman and former CEO Gary Kelly announced his plan to step down after next
00:32year's shareholder meeting.
00:33For all things money, visit Benzinga.com.
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