Elliott Investment Management L.P. has released a statement regarding Southwest Airlines Co. (NYSE: LUV) following the resignation of seven directors. This unprecedented move comes after shareholder feedback, with Elliott expressing satisfaction that the board is recognizing the need for change. The investment firm, which holds a combined economic exposure of approximately 11.0% in Southwest Airlines, hopes to engage with remaining directors to align on further necessary changes. Elliott emphasizes the urgent need for thoughtful, deliberate change at Southwest and believes their proposed nominees are qualified to stabilize the board and set a new direction for the airline. The firm intends to file a proxy statement with the SEC to solicit proxies for electing their slate of director candidates and other proposals at the next shareholder meeting.