Rakesh Gangwal buys $108 million of shares in Southwest Airlines
Fri, Oct 4, 2024 12:10 PM

Rakesh Gangwal buys $108 million of shares in Southwest Airlines

A Flip by Avya Verma
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Southwest Airlines Co. shares are climbing after board member and billionaire co-founder of InterGlobe Aviation Ltd., Rakesh Gangwal, purchased about $107 million worth of the company’s stock, according to Securities and Exchange Commission filings on Thu. In a series of transactions disclosed over seven filings, Gangwal acquired 3.6 million of the carrier’s common shares for roughly $29 apiece.

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