WASHINGTON (dpa-AFX) - Responding to a letter from Elliott Investment
Management L.P, Southwest Airlines Co. (LUV) said it reiterated its willingness
to meet with Elliott to further discuss the airline's strategy to enhance value
for all Shareholders.

The company said it is thoughtfully reviewing Elliott's letter and presentation
and look forward to further conversations with Elliott to better understand its
view on the company.

Southwest said it is confident that Southwest Airlines has the right strategy,
the right plan and the right team in place to drive long-term value for its
shareholders. It is focused on restoring its industry-leading financial
performance, the successful execution of its multi-faceted Tactical Action Plan
to improve operational performance announced in first quarter 2023, alongside
recent technology investments and operational resiliency programs that led to
the operation of 99% of scheduled flights in first quarter 2024. The company
looks forward to sharing additional detail on its plan at Investor Day in
September.

Earlier today, Elliott announced it took a $1.9 billion stake in Southwest
Airlines.

In its letter, Elliot mentioned about the poor financial performance of the
company due to outdated business software and monetization strategy, poor
leadership, and lack of accountability.



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