Elliott Management has taken an 11% share in Southwest Airlines (LUV), according to Reuters. This stake allows the hedge fund to call a special meeting with the airline, and the two are currently scheduled to meet on September 9.

Morning Brief Anchors Brad Smith and Madison Mills break down the move and what it could mean for Southwest's future.

For more expert insight and the latest market action, click here to watch this full episode of Morning Brief.

This post was written by Melanie Riehl