Elliott Investment Management and Southwest Airlines have begun discussing a potential settlement that would avoid a proxy fight for control of the airline's board, Bloomberg News reported on Saturday,

Elliott Investment Management and Southwest Airlines Co. have begun discussing a potential settlement that would avoid a proxy fight for control of the airline’s board, according to people familiar with the matter.

Southwest Airlines and Elliott in Settlement Talks to Avoid Proxy Battle Southwest Airlines is reportedly in discussions with Elliott Investment Management to reach a settlement that could prevent a proxy fight

Elliott Investment Management has a new way to garner the attention of Southwest Airlines: a podcast.

Elliott Investment Management is pushing for a special shareholder meeting to vote on replacing eight Southwest Airlines board members with its own candidates, aiming to overhaul the airline's leadership and address financial issues.

Elliott, the airline's second-largest shareholder, is calling for a meeting Dec. 10 and says it will be filing a proxy statement with the U.S. Securities and Exchange Commission. Southwest Airlines still must confirm the special shareholder meeting.

Activist investor Elliott Investment Management has called for a special meeting in December with shareholders of Southwest Airlines, a step towards a change that could oust the airline’s CEO Bob Jordan.

Southwest Airlines (NYSE:LUV) and Elliott Investment Management have started settlement talks to avoid a proxy fight for control over the carrier’s board, Bloomberg reported Saturday, citing people familiar with the matter.