Southwest CEO will not resign, will consider input from activist investor Elliott

Southwest CEO will not resign, will consider input from activist investor ElliottWASHINGTON - Southwest Airlines CEO Bob Jordan said on Wednesday he will not resign as the air carrier faces pressure from activist investor Elliott Investment Management, with it already considering amendments to its open-seating policy and other potential changes.

"We support Boeing doing the work to get better... Because a better Boeing is good for us for decades. We need Boeing to be very solid," Jordan said. "I'm not happy with the delays." "You've got to be very informed before you start proposing changes that affect the business model of Southwest Airlines," Jordan said. "Elliott is not directing the company."Jordan told reporters the airline would not stagnate, reiterating Southwest is considering changes to its open seating policy and potentially adding premium seating or extra leg room seats.

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