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  "documentTitle": "Southwest Airlines (LUV)",
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  "authorName": "John Pike and Bobby Xu",
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      "text": "The actions of Southwest’s Board and management team since we published our views have only solidified the case for leadership change.",
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      "text": "On June 26, Southwest announced significantly reduced unit revenue guidance... On July 3, this Board put its own self-interest ahead of the Company's by pursuing the entrenchment strategy of adopting an antiquated and shareholder-unfriendly 'poison pill'... And today, the Board announced that it had appointed a handpicked new director...",
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      "text": "July 8, 2024. The Board of Directors, Southwest Airlines Co. 2702 Love Field Drive, Dallas, Texas 75235. Dear Members of the Board,",
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      "text": "The actions of Southwest's Board and management team since we published our views have only solidified the case for leadership change:",
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      "kind": "paragraph",
      "text": "We write to you again on behalf of Elliott Associates, L.P. and Elliott International, L.P. ... The purpose of today's letter is to summarize the feedback we have received and the key events that have occurred since the publication last month...",
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      "text": "These actions – and in particular the adoption of the 'poison pill' – demonstrate how profoundly out of touch Southwest's Board has become with shareholder sentiment and with the reality of the situation.",
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      "text": "Since publishing our views on June 10, we've had the opportunity to engage with shareholders... The feedback has been overwhelmingly consistent with our perspective that the Company's performance is unacceptable and that leadership change is required.",
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      "text": "look[ing] forward to supporting the Company’s strategic direction. — New Director",
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