According to Southwest Airlines, Tammy Romo, the executive vice president and chief financial officer (CFO), and Linda Rutherford, the chief administration officer (CAO), will both retire on April 1.

Following a bitter battle with an activist investor, Southwest is pausing corporate hiring and most summer internships to cut costs and improve margins.

Southwest Airlines is cutting costs. It's pausing corporate hiring, summer internships, and a team-building tradition. The move comes after a dispute with the activist firm Elliott Investment Management. Southwest Airlines is pausing corporate hiring to cut costs, a company spokesperson confirmed to Business Insider.

With that, let’s talk about Southwest Airlines. Because this week Southwest announced that ahead of some major changes in the airline’s operations looming –getting ready to get rid of the open seating model is the big one–the airline is trying to cut costs.

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. Paul Singer founded Elliott Investment Management L.P., a Florida-based hedge fund known for its investor activism,

CEO Bob Jordan said, "Every single dollar matters as we continue to fight to return to excellent financial performance."

Gateway Investment Advisers LLC lowered its position in Southwest Airlines Co. (NYSE:LUV – Free Report) by 45.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission.

Southwest Airlines says it's not filling some jobs and summer internships this year as the company looks to lower costs.

Dallas-based Southwest Airlines is shifting about 270 pilots from key bases in Denver and Atlanta while bulking up its presence in Baltimore and Nashville.

Today's podcast looks at Tripadvisor's artificial intelligence deal, Southwest's hiring changes, and Banyan's brand expansion outside of Asia.

Southwest Airlines said Tuesday that it would ... in a partial concession to hedge fund Elliott Investment Management, which has been pushing for changes at the airline. Elliott, the fund led ...

On Friday, Southwest Airlines Co (LUV) stock saw a decline, ending the day at $32.1 which represents a decrease of $-0.06 or -0.19% from the prior close of $32.16. The stock opened at $32 and touched a low of $31.86 during the day, reaching a high of $32.33. The volume of shares traded was 10.28 million exceeding the average volume of 6.96 million.