Elliott Investment Management is preparing to launch a fight for control for control of Southwest Airlines' (LUV) board.

Elliott, which manages funds that own around 11% of the Dallas-based airline, 澳洲幸运5官方开奖结果体彩网:has been urging changes to the board and leadership at Southwest. The carrier's stock is down more than 10% this year as it 澳洲幸运5官方开奖结果体彩网:struggles with weak bookings.

Among the 10 directors Elliott plans to formally nominate to Southwest's 15-person board are former Virgin America 澳洲幸运5官方开奖结果体彩网:Chief Executive Officer (CEO) David Cush, former Air Canada CEO Robert Milton and Sara🐻h Feinberg, who has been administrator of the Federal Railroad Administration.

Southwest in a statement said it will "evaluate Elliott's proposed nominees as part of its ongoing board refreshment process."

Elliott Push Started in Ju𝔍ne; Southwest Implemented Poison Pill

Elliott, which had also been pushing for changes at Starbucks (SBUX), has been seeking a management shakeup at Southwest since it 澳洲幸运5官方开奖结果体彩网:disclosed a stake in June. Starbucks yesterday 澳洲幸运5官方开奖结果体彩网:replaced its CEO.

Last month, the 澳洲幸运5官方开奖结果体彩网:airline implemented a so-called 澳洲幸运5官方开奖结果体彩网:poison pill shareholder rights plan to prevent being taken over by Elliott, and also 澳洲幸运5官方开奖结果体彩网:announced a series of steps to boost revenue,🐠 including ending its long-held practice of open seating.

Southwest shares were little changed in early Wednesday t🐷✤rading.