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Activist investor Elliott Investment Management plans to meet with Southwest Airlines (NYSE:LUV) on Sept. 9. "It is time for a reconstituted Board to finally step up and put in place a transparent and credible process for addressing the challenges Southwest faces today,

Former United CEO Oscar Munoz opposed an ongoing effort by a hedge fund to get involved in running Southwest. “Running an airline is a complex endeavor," he said.

Southwest Airlines Co. closed $6.44 short of its 52-week high ($35.18), which the company reached on February 22nd.

The letter arrives about two weeks after The Wall Street Journal reported that the activist investor plans to nominate 10 director candidates to the airline’s 15-person board. E

Elliott Investment Management has increased its equity stake in Co. to 9.7%, nearing the amount needed to call a special shareholder meeting at which the activist hopes to replace most of the carrier's board.

This was the stock's fourth consecutive day of gains.

Elliott Investment Management is ramping up its efforts to shake up Southwest Airlines ($LUV), urging investors to seek new external leadership,

A hedge fund seeking big changes at Southwest Airlines has escalated its criticisms of the carrier. In a proxy letter to shareholders filed Monday with the Securities and Exchange Commission, Elliott Management called out Southwest’s recent defensive maneuvers that aim to keep control with its current management team.

Activist investor Elliott Investment Management pushes for a reconstituted Southwest Airlines board and new leadership, aiming for a $49 share price. Durable goods orders rose 4.4% to $289.6 billion,