There is no LUV for Southwest Airlines management this week as activist investor Elliott has taken more than a 10 percent stake in the airline and wants to fire Chairman Gary Kelly and CEO Bob Jordan. If you thought Carl Icahn’s investment in JetBlue was going to be a big fight, you ain’t seen nothing yet. This is going to get ugly. So far, I am not impressed by Elliott’s take, but if this does push Southwest to act more quickly, then everyone wins.
