Southwest Airlines

Elliott Investment Management has invested over $5 billion in Honeywell International and is advocating for the company to split into two independent businesses: Honeywell Aerospace and Honeywell Automation. The activist investor believes this separation could drive a 51%-75% share price increase by improving operational performance and valuation. This move follows a broader trend of industrial conglomerates simplifying their structures. Honeywell has acknowledged Elliott’s input and remains committed to sustainable growth and strategic portfolio optimization. [more]

Airlines tighten belts to cut expenses as revenue plummets; Casinos bide their time until they can re-open; and Concert Facilities & Sporting Events go silent. [more]