(Reuters) – Southwest Airlines warned workers it would quickly make powerful choices as a part of a technique to revive earnings and fend off calls for from activist investor Elliott Investment Management, Bloomberg News reported on Saturday.
The airline is contemplating modifications to its routes and flight schedules to spice up income, the report added, citing a transcript of a video message to workers despatched by Chief Operating Officer Andrew Watterson.
“I apologize prematurely in case you as a person can be affected by this,” Watterson stated, in keeping with the report, including that he didn’t present any particulars concerning the upcoming strikes.
Southwest didn’t instantly reply to Reuters’ request for remark.
The airline has struggled to recuperate from the COVID-19 pandemic, partly resulting from Boeing’s plane supply delays and industry-wide overcapacity within the home market.
It plans to supply assigned seats and further legroom to draw premium vacationers and begin night time flights. It will current the small print to traders on Sept. 26.
Earlier this week, Reuters reported that Elliott, which owns 10 % of Southwest’s frequent inventory, informed one of many airline’s high unions that it nonetheless desires to exchange Chief Executive Robert Jordan, even after the airline promised to revamp its board of administrators.
