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Old 07-09-2024 | 07:32 AM
  #235  
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From: 737CA
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Originally Posted by 9thAmendment
I wouldn’t be so sure about that. Elliott is going to call a special shareholder meeting right after the dismal Q2 results are posted and it is almost guaranteed that everyone will be voted out.
Instutional investors know what is expected in earnings already. Almost every airline analyst that covers the industry knows. Just look it up. EPS of .51 cents a share(about 300 million). Half of what it was 2nd quarter of 2023. Come July 25th, GK will still be Chairman, BJ will be CEO and SWA will have made a small operating profit.

The board has been briefed already on what is coming on investors day. GK wouldn't have added a seat if the rest of the institutional investors didn't go along with it. GK has made north of 22 Billion in profits over his tenure. Through bankruptcies(remember those), recessions, COVID, got rid of the wright amendment, etc. Never was a friend of labor but then again tell me a airline CEO that was. His blind spot of operations and tech. For now, he has the backing of most of the investors. We'll see how it plays out.
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