Southwest Airlines Co (LUV) stock saw a modest uptick, ending the day at $31.93 which represents a slight increase of $0.07 or 0.22% from the prior close of $31.86. The stock opened at $32.06 and touched a low of $31.

A ramp agent directs a Southwest Airlines Boeing 737-800 airplane in to a gate at Baltimore-Washington Airport. Photo: Getty Images

Following a bitter battle with an activist investor, Southwest is pausing corporate hiring and most summer internships to cut costs and improve margins.

Southwest Airlines is cutting costs. It's pausing corporate hiring, summer internships, and a team-building tradition. The move comes after a dispute with the activist firm Elliott Investment Management. Southwest Airlines is pausing corporate hiring to cut costs, a company spokesperson confirmed to Business Insider.

Southwest was a scrappy upstart for much of its history. It operated out of less-crowded secondary airports where it could turn around arriving planes and take off quickly with a new set of passengers. It appealed to budget-conscious travelers by offering low fares and no fees for changing a reservation or checking up to two bags.

CEO Bob Jordan said, "Every single dollar matters as we continue to fight to return to excellent financial performance."

Southwest Airlines said Tuesday that it would ... in a partial concession to hedge fund Elliott Investment Management, which has been pushing for changes at the airline. Elliott, the fund led ...

Gateway Investment Advisers LLC lowered its position in Southwest Airlines Co. (NYSE:LUV – Free Report) by 45.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission.

Today's podcast looks at Tripadvisor's artificial intelligence deal, Southwest's hiring changes, and Banyan's brand expansion outside of Asia.

LOS ANGELES, CA / ACCESS Newswire / January 24, 2025 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is

Soloviev Group has long owned the Manhattan office tower at 9 West 57th St., famous for its pricey rents and list of major financial tenants including Apollo Global Management Inc. Now, the property firm is planning another large project across the street.

Southwest Airlines Co. is cutting 270 pilot positions across its Denver and Atlanta operations, the latest changes under broad efforts to reduce costs and maximize use of aircraft.